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Book details
ISBN: 9781259009549 / 1259009548
Division: Higher Education
Pub Date: DEC-12
Pages: 720

Copyright: 2013
Edition: 3
Format: Paperback
Consolidated Financial Statements

Eng Juan Ng


About the book

This book is a comprehensive guide to the preparation of consolidated financial statements in Singapore. It discusses consolidation financial statements in the context of the Singapore statute and the Financial Reporting Standards (FRS) issued by the Accounting Standards Council effective 1 January 2014.

In this third edition, the book has been revised to incorporate the new requirements of five new/revised FRS, namely:
• FRS 27 Separate Financial Statements
• FRS 28 Investments in Associates and Joint Ventures
• FRS 110 Consolidated Financial Statements
• FRS 111 Joint Arrangements
• FRS 112 Disclosures of Interests in Other Entities

This book is written based on many years of teaching, research and practical experience. Presented in a step-by-step, easy-to-understand style, it is an invaluable source of reference to both accounting practitioners and students in Singapore. The topics covered include:
• Merger accounting
• Consolidated balance sheets (also referred to as Consolidated statement of financial position), consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows
• Investment in joint ventures
• Consolidation theory
• Acquisition and disposal during the accounting year
• Changes in shareholding interests
• Investment in associates
• Complex group structure
• Foreign subsidiaries, associates and joint ventures

About the author

NG ENG JUAN is an Associate Professor in the Nanyang Business School of Nanyang Technological University, Singapore, teaching financial accounting courses in the undergraduate programme. A winner of several teaching awards, he is actively involved in the accounting profession serving in the technical committee of ICPAS, as an external examiner/advisor to accounting professional/degree programmes, and conducting regular professional development programmes. He has published several books in professional accounting including Consolidated Accounts, Cash Flow Statements, Consolidation: Changes in Shareholding Interests and A Practical Guide to Financial Reporting Standards.

Table of contents

Preface to the First Edition

The Author
List of Statutes, Accounting Institutions, and Financial Reporting Standards
1. Introduction
2. Consolidation at the Date of Acquisition
3. Consolidation Subsequent to the Date of Acquisition
4. Changes in Shareholding Interest and Other Specific Issues
5. Complex Group Structure
6. Associates and Joint Ventures
7. Foreign Subsidiaries, Associates, and Joint Ventures
8. Consolidated Statement of Cash Flows
9. Consolidated Statement of Changes in Equity
10. Further Issues
11. Further Problems for Self-Study



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