Download the following articles from your librarys electronic database (e.g. ProQuest or ABI-Inform) and analyze them: (a)
Question:
Download the following articles from your library’s electronic database (e.g. ProQuest or ABI-Inform) and analyze them:
(a) Beckman, J.K., 1995. “The Economic Unit Approach to Consolidated Financial Statements: Support from the Financial Economics Literature”, Journal of Accounting Literature.
(b) Pacter, P., 1992. “Revising GAAP for Consolidations: Join the Debate”, The CPA Journal, July, pp. 38–47.
Required:
1. Explain the three competing concepts of consolidation as referred to in the articles and their effects on reported information.
2. Explain how Beckman uses financial economics’ research regarding corporate restructuring transactions to support a particular concept of consolidation.
Step by Step Answer:
Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah