TAILIEUCHUNG - Ebook Advanced accounting (10th edition): Part 2

(BQ) Part 2 book "Advanced accounting" has contents: Variable interest entities, intra entity debt, consolidated cash flows, and other issues; consolidated financial statements—ownership patterns and income taxes; segment and interim reporting; foreign currency transactions and hedging foreign exchange risk,.and other contents. | 1/7/10 6:42 PM Page 435 chapter Translation of Foreign Currency Financial Statements 10 LEARNING OBJECTIVES After studying this chapter, you should be able to: LO1 Explain the theoretical underpinnings and the limitations of the current rate and temporal methods. LO2 Describe guidelines as to when foreign currency financial statements are to be translated using the current rate method and when they are to be translated using the temporal method. LO3 Translate a foreign subsidiary’s financial statements into its parent’s reporting currency using the current rate method and calculate the related translation adjustment. LO4 Remeasure a foreign subsidiary’s financial statements using the temporal method and calculate the associated remeasurement gain or loss. LO5 Understand the rationale for hedging a net investment in a foreign operation and describe the treatment of gains and losses on hedges used for this purpose. LO6 Prepare a consolidation worksheet for a parent and its foreign subsidiary. • Anheuser-Busch agreed on Sunday night to sell itself to the Belgian brewer InBev for about $52 billion, putting control of the nation’s largest beermaker and a fixture of American culture into a European rival’s • On March 3, 2008, we completed the acquisition of 100 percent of the outstanding shares of Umbro Plc (“Umbro”), a leading United Kingdom–based global soccer brand, for a purchase price of £ million in cash (approximately $ million), inclusive of direct transaction • In Fiscal 2009, cash paid for acquisitions, net of divestitures, required $281 million, primarily related to the acquisitions of Benedicta, a sauce business in France; Golden Circle Limited, a fruit and juice business in Australia; La Bonne Cuisine, a chilled dip business in New Zealand; and Papillon, a small chilled products business in South Recent announcements such as these have become more the norm than the exception in

• Kế toán - Kiểm toán
• Advanced accounting
• Variable interest entities
• Intra entity debt
• Consolidated cash flows
• Interim reporting
• Foreign currency transactions
• Lecture Advanced accounting
• Advanced financial accounting
• Financial statements
• Equity method of accounting
• Accounting valuation
• International accounting diversity
• Accounting for legal reorganizations
• Accounting for state
• Accounting for leases
• Accounting for estates
• Investment accounting
• Consolidation of financial information
• Consolidated financial statements
• Intra entity asset transactions
• Income taxes
• Foreign currency financial statements
• Exchange commission
• Partnership advantages
• Statement of liquidation