| Preface(pg. iii) |
| Brief Contents(pg. xii) |
| Contents(pg. xiii) |
| Chapter 1: Intercorporate Investments: An Overview(pg. 2) |
| Introduction (pg. 3) |
| Motivations for Intercorporate Investments (pg. 3) |
| Types of Investments (pg. 4) |
| Intercorporate Debt Investments and Equity Investments with No Significant Influence (pg. 5) |
| Trading Investments (pg. 5) |
| Available-for-Sale Investments (pg. 6) |
| Held-to-Maturity Investments (pg. 7) |
| Equity Investments (pg. 8) |
| Review 1 • Trading, AFS, and HTM Debt Investments (pg. 9) |
| Investments with Significant Influence (pg. 9) |
| Accounting Using the Equity Method (pg. 9) |
| Equity in Net Income Calculation (pg. 10) |
| Other Comprehensive Income and the Equity Method (pg. 12) |
| Investee Losses and the Equity Method (pg. 12) |
| Impairment Testing (pg. 12) |
| Change to Significant Influence (pg. 13) |
| Joint Ventures (pg. 13) |
| Review 2 • Reporting for Equity Method Investments (pg. 14) |
| Controlling Investments (pg. 15) |
| Mergers, Consolidations, and Asset Acquisitions (pg. 15) |
| Stock Acquisitions (pg. 16) |
| Change to Controlling Interest (pg. 16) |
| Variable Interest Entities (pg. 17) |
| International Financial Reporting Standards For Intercorporate Investments (pg. 17) |
| Intercorporate Debt Investments and Equity Investments with No Significant Influence (pg. 17) |
| Investments with Significant Influence (pg. 18) |
| Joint Ventures (pg. 18) |
| Controlling Investments (pg. 19) |
| Review of Key Concepts (pg. 19) |
| Multiple Choice Questions (pg. 20) |
| Exercises (pg. 22) |
| Problems (pg. 26) |
| Review Solutions (pg. 34) |
| Chapter 2: Mergers and Acquisitions(pg. 36) |
| Introduction (pg. 37) |
| Motivations for Mergers and Acquisitions (pg. 37) |
| Types of Combinations (pg. 38) |
| Overview of Reporting for Combinations (pg. 39) |
| Standards of Reporting for Business Combinations (pg. 41) |
| Valuation of Assets Acquired and Liabilities Assumed (pg. 43) |
| Acquisition Date (pg. 43) |
| Identifying the Acquiring Company (pg. 43) |
| Measurement of Previously Reported Assets and Liabilities (pg. 44) |
| Identification and Measurement of Previously Unreported Intangibles (pg. 45) |
| Illustration of Reporting Assets Acquired and Liabilities Assumed (pg. 49) |
| Review 1 • Reporting Assets Acquired and Liabilities Assumed (pg. 51) |
| Measurement of Acquisition Cost (pg. 51) |
| Contingent Consideration (pg. 52) |
| Employee Compensation (pg. 53) |
| Acquisition-Related Costs (pg. 53) |
| Illustration of Reporting Consideration Given in an Acquisition (pg. 54) |
| Subsequent Changes in Asset, Liability, or Contingent Consideration Values (pg. 55) |
| Measurement Period (pg. 55) |
| Reporting Subsequent Changes in Asset and Liability Values (pg. 55) |
| Reporting Subsequent Changes in Contingent Consideration Value (pg. 56) |
| Review 2 • Reporting Assets and Liabilities Acquired, Consideration Paid, and Subsequent Events (pg. 57) |
| Bargain Purchases (pg. 57) |
| Special Issues: In-Process Research And Development, Preacquisition Contingencies, Deferred Tax Liabilities, And Step Acquisitions (pg. 59) |
| In-Process Research and Development (pg. 59) |
| Preacquisition Contingencies (pg. 59) |
| Acquired Deferred Tax Liabilities (pg. 60) |
| Step Acquisitions (pg. 61) |
| International Financial Reporting Standards for Business Combinations (pg. 62) |
| Review of Key Concepts (pg. 63) |
| Multiple Choice Questions (pg. 64) |
| Exercises (pg. 65) |
| Problems (pg. 72) |
| Review Solutions (pg. 83) |
| Chapter 3: Consolidated Financial Statements: Date of Acquisition(pg. 84) |
| Introduction (pg. 85) |
| Criteria for Consolidation (pg. 86) |
| Motivations for Off-Balance-Sheet Entities (pg. 86) |
| Standards for Consolidation (pg. 88) |
| Control and Consolidation of Equity Investments (pg. 88) |
| Control and Consolidation of Non-Equity Investments (pg. 89) |
| Review 1 • Identifying Consolidated Entities (pg. 94) |
| Consolidation at Date of Acquisition (pg. 94) |
| Consolidation of Financial Statements: Preliminary Issues (pg. 94) |
| Objectives of Consolidation (pg. 95) |
| Consolidation Working Paper (pg. 95) |
| Pushdown Accounting (pg. 103) |
| Review 2 • Consolidation with Identifiable Intangibles (pg. 106) |
| International Financial Reporting Standards for ConsolidationS (pg. 106) |
| The Concept of Control (pg. 106) |
| IFRS and U.S. GAAP Compared (pg. 107) |
| Review of Key Concepts (pg. 108) |
| Multiple Choice Questions (pg. 108) |
| Exercises (pg. 110) |
| Problems (pg. 117) |
| Review Solutions (pg. 127) |
| Chapter 4: Consolidated Financial Statements Subsequent to Acquisition(pg. 128) |
| Introduction (pg. 129) |
| Introduction to Consolidation Procedures (pg. 129) |
| Consolidation Eliminating Entries (pg. 130) |
| Illustration of Consolidation Process (pg. 131) |
| Consolidated Financial Statements (pg. 133) |
| Complete Equity Method as One-Line Consolidation (pg. 134) |
| Reporting Revaluations of Subsidiary Assets and Liabilities in Subsequent Years (pg. 135) |
| Previously Reported Assets and Liabilities (pg. 135) |
| Previously Unreported Identifiable Intangibles (pg. 137) |
| Goodwill (pg. 138) |
| Amortization and Impairment of Identifiable Intangibles and Goodwill: An Illustration (pg. 143) |
| Review 1 • Intangibles Impairment Testing (pg. 145) |
| Comprehensive Illustration: Consolidation in Subsequent Years (pg. 146) |
| Consolidation After One Year (pg. 146) |
| Consolidation After Two Years (pg. 149) |
| Review 2 • Consolidation in a Subsequent Year with Identifiable Intangibles (pg. 153) |
| IFRS for Acquired Intangibles (pg. 154) |
| Identifiable Intangibles (pg. 154) |
| Goodwill (pg. 155) |
|  Appendix to Chapter 4 (pg. 157) |
| Consolidation Eliminating Entries When the Parent Uses the Cost Method (pg. 157) |
| Review of Key Concepts (pg. 162) |
| Multiple Choice Questions (pg. 163) |
| Exercises (pg. 165) |
| Problems (pg. 172) |
| Review Solutions (pg. 184) |
| Chapter 5: Consolidated Financial Statements: Outside Interests(pg. 186) |
| Introduction (pg. 187) |
| Noncontrolling Interests at Acquisition Date (pg. 188) |
| Valuation of Noncontrolling Interests and Goodwill at Acquisition (pg. 188) |
| Measuring the Fair Value of Noncontrolling Interests (pg. 189) |
| Consolidation Eliminating Entries at Acquisition Date (pg. 190) |
| Noncontrolling Interests in the Consolidated Balance Sheet (pg. 191) |
| Consolidating Variable Interest Entities (pg. 192) |
| Noncontrolling Interests in Subsequent Years (pg. 193) |
| Consolidation at End of the First Year (pg. 193) |
| Noncontrolling Interests in the Consolidated Statement of Income and Comprehensive Income (pg. 196) |
| Consolidation at End of the Second Year (pg. 198) |
| Consolidation of VIEs in Subsequent Years (pg. 201) |
| Review 1 • Consolidation with Noncontrolling Interest at End of Third Year, U.S. GAAP (pg. 204) |
| Noncontrolling Interests and Bargain Purchases (pg. 204) |
| Bargain Purchase Consolidation at Date of Acquisition (pg. 205) |
| Bargain Purchase Consolidation at End of the First Year (pg. 206) |
| Bargain Purchase Consolidation at End of the Second Year (pg. 208) |
| International Financial Reporting Standards for Noncontrolling Interests (pg. 209) |
| Review 2 • Consolidation with Noncontrolling Interest at End of the Third Year, IFRS (pg. 213) |
| Consolidated Statement of Cash Flows (pg. 213) |
| Preparation of Consolidated Statement of Cash Flows (pg. 214) |
| Consolidated Statement of Cash Flows: An Illustration (pg. 214) |
| Review of Key Concepts (pg. 216) |
| Multiple Choice Questions (pg. 217) |
| Exercises (pg. 219) |
| Problems (pg. 226) |
| Review Solutions (pg. 239) |
| Chapter 6: Consolidated Financial Statements: Intercompany Transactions(pg. 242) |
| Introduction (pg. 243) |
|  Intercompany Service and Financing Transactions (pg. 244) |
|  Intercompany Profits (pg. 245) |
| Equity in Net Income and Noncontrolling Interest in Net Income (pg. 246) |
-
-
-