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Advanced Accounting
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The first several chapters of this text present the accounting and re- porting for investment activities of businesses. The focus is on investments when one firm possesses either significant influence or control over another through ownership of voting shares. When one firm owns enough voting shares to be able to affect the decisions of another, ac- counting for the investment can become challenging and complex. The source of such complexities typically stems from the fact that transactions among the firms affiliated through ownership cannot be considered independent, arm’s-length transactions. As in many matters relating to financial reporting, we look to transactions with outside parties to provide a basis for accounting valuation. When firms are affiliated through a common set of owners, measurements that recognize the relationships among the firms help to provide objectivity in financial reporting.
Joe B. Hoyle, Thomas F. Schaefer and Timothy S. Doupnik - Personal Name
10th Edtion
0-07-813662-8
NONE
Advanced Accounting
Accounting
English
McGraw-Hill Companies, Inc
2011
USA
1-881
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