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9780730311119

Financial Reporting

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  • ISBN13:

    9780730311119

  • ISBN10:

    0730311112

  • Edition: 10th
  • Format: Paperback
  • Copyright: 2015-06-29
  • Publisher: Wiley

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Summary

Loftus, Financial Reporting builds on the strengths of Loftus, Understanding Australian Accounting Standards and Leo, Company Accounting, bringing the strongest elements of those two respected titles into one combined volume. This 35 chapter text is designed to cover all of the 2nd and 3rd year financial accounting topics typically taught across two units, including accounting regulation, the conceptual framework, applying accounting standards, disclosures and group accounting.  It explains accounting principles and practice to students in a clear, understandable way and  provides both a conceptual insight as well as a practical application of the various accounting standards.

The author team is comprised of a group of academics who are actively teaching in this area incl. Janice Loftus (Uni of Adelaide), Noel Boys (Melb), Belinda Luke (QUT), Sorin Daniliuc (ANU), Hong Ang (Deakin) and Karen Byrnes (USQ).  The authors have brought their collective teaching insights to bear on the learning design of the text and accompanying online course the result of which is a contemporary teaching and learning package that will engage and empower students to study independently and achieve greater success in these challenging units.

Table of Contents

Preface xvi

Acknowledgements xviii

Part 1 THEORY AND PRACTICE 1

1 Accounting regulation and the conceptual framework 3

2 Application of accounting theory 33

3 Fair value measurement 55

Part 2 ELEMENTS OF FINANCIAL STATEMENTS 81

4 Inventories 83

5 Property, plant and equipment 117

6 Intangible assets 153

7 Impairment of assets 179

8 Provisions, contingent liabilities and contingent assets 213

9 Employee benefits 245

10 Leases 277

11 Financial instruments 321

12 Income taxes 361

13 Share capital and reserves 403

14 Share-based payment 449

15 Revenue 477

Part 3 DISCLOSURE 505

16 Presentation of financial statements 507

17 Statement of cash flows 553

18 Accounting policies and other disclosures 595

19 Earnings per share 619

20 Operating segments 639

21 Related party disclosures 663

22 Sustainability and corporate social responsibility reporting 675

Part 4 FOREIGN CURRENCY 697

23 Foreign currency transactions and forward exchange contracts 699

24 Translation of foreign currency financial statements 735

Part 5 ECONOMIC ENTITIES 767

25 Business combinations 769

26 Consolidation: controlled entities 801

27 Consolidation: wholly owned entities 819

28 Consolidation: intragroup transactions 875

29 Consolidation: non-controlling interest 919

30 Consolidation: other issues 971

31 Associates and joint ventures 1025

32 Joint arrangements 1061

33 Insolvency and liquidation E-CHAPTER

34 Accounting for mineral resources E-CHAPTER

35 Agriculture E-CHAPTER

Index 1093

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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