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ADVANCED ACCOUNTING
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The first several chapters of this text present the accounting and reporting
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, accounting
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.
Hoyle, Shaefer, Doupnik - Personal Name
10
ISBN 978-0-07-813662
NONE
Accounting
English
McGraw-Hill Companies, Inc
2011
1-881
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