Summary
Contents
Subject index
This updated Ninth Edition of Accounting Theory: Conceptual Issues in a Political and Economic Environment continues to be one of the most relevant and comprehensive texts on accounting theory. Authors Harry I. Wolk, James L. Dodd, John J. Rozycki provide a critical overview of accounting as a whole as well as touch on the financial issues in economic and political contexts, providing readers with an understanding of how current United States accounting standards were derived and where we might be headed in the future. Readers will find learning tools such as questions, cases, problems and writing assignments to solidify their understanding of accounting theory and gain new insights into this evolving field.
Intercorporate Equity Investments
Intercorporate Equity Investments
Learning Objectives
After reading this chapter, you should be able to:
- Comprehend relevant circumstances in intercorporate equity investments.
- Understand the change to goodwill brought about by Statement of Financial Accounting Standards (SFAS) No. 142.
- Understand purchase and pooling methods of consolidation and understand why pooling was eliminated.
- Understand the new entity approach to consolidation.
- Understand proportionate consolidation.
- Understand the equity method and why it is called a “one-line consolidation.”
- Understand the fair value method where “significant” influence is absent.
- Understand the nature of special purpose entities and variable interest entities.
- Grasp the significance of defining the reporting entity.
- Understand why the Financial Accounting Standards Board (FASB) moved from the temporal method of SFAS No. 8 to the functional currency approach of SFAS No. 52.
Mergers and acquisitions have been an important ...
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