TAILIEUCHUNG - Ebook Advanced accounting (11th edition): Part 2 - Joe B. Hoyle, Thomas F. Schaefer, Timothy S. Doupnik

(BQ) Part 2 book "Advanced accounting" has contents: Translation of foreign currency financial statements; worldwide accounting diversity and international standards; financial reporting and the securities and exchange commission; accounting for legal reorganizations and liquidations;.and other contents. | chapter Translation of Foreign Currency Financial Statements • After months of negotiations, Kraft (KFT) announced last month 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 that it would acquire . confection giant Cadbury (CBY) with a Prepare a consolidation worksheet for a parent and its foreign subsidiary. revised bid of $ billion. The acquisition of Cadbury by Kraft will generate a joint portfolio of more than 40 confectionary brands, each with annual sales in excess of $100 million, essentially creating the world’s biggest confectionary • Sanofi-Aventis (SNY), France’s biggest drugmaker, agreed to buy Genzyme (GENZ) for at least $ billion, ending its nine-month pursuit of the . biotech • International Paper (IP) made its first investment in India, buying a percent stake in Andhra Pradesh Paper Mills, for $257 R ecent announcements such as these have become more the norm than the exception in today’s global economy. Companies establish operations in foreign countries for a variety of reasons including to develop new markets for their products, take advantage of lower production costs, or gain access to raw .

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• Advanced accounting
• Foreign currency financial statements
• Financial statements
• Accounting diversity
• International standards
• Exchange commission
• Lecture Advanced accounting
• Advanced financial accounting
• 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
• Variable interest entities
• Income taxes
• Interim reporting
• Foreign currency transactions
• Partnership advantages
• Statement of liquidation