Table of Contents

Part 1 THE AUSTRALIAN ACCOUNTING ENVIRONMENT

1. An overview of the Australian external reporting environment

2. The conceptual framework for financial reporting

Part 2 THEORIES OF ACCOUNTING

3. Theories of financial accounting

Part 3 ACCOUNTING FOR ASSETS

4. An overview of accounting for assets

5. Depreciation of property, plant and equipment

6. Revaluations and impairment testing of non-current assets

7. Inventory

8. Accounting for intangibles

9. Accounting for heritage assets and biological assets

Part 4 ACCOUNTING FOR LIABILITIES AND OWNERS’ EQUITY

10. An overview of accounting for liabilities

11. Accounting for leases

12. Accounting for employee benefits

13. Share capital and reserves

14. Accounting for financial instruments

15. Revenue recognition issues

16. The statement of profit or loss and other comprehensive income, and the statement of changes in equity

17. Accounting for share-based payments

18. Accounting for income taxes

Part 5 ACCOUNTING FOR THE DISCLOSURE OF CASH FLOWS

19. Accounting for the extractive industries

Part 6 INDUSTRY-SPECIFIC ACCOUNTING ISSUES

20. Accounting for the extractive industries 

Part 7 OTHER DISCLOSURE ISSUES

21. Events occurring after the end of the reporting period

22. Segment reporting

23. Related party disclosures

24. Earnings per share

Part 8 ACCOUNTING FOR EQUITY INTERESTS IN OTHER ENTITIES

25. Accounting for group structures

26. Further consolidation issues I: Accounting for intragroup transactions

27. Further consolidation issues II: Accounting for non-controlling interests

Part 9 FOREIGN CURRENCY

28. Accounting for foreign currency transactions

29. Translating the financial statements of foreign operations

Part 10 CORPORATE SOCIAL-RESPONSIBILITY REPORTING

30. Accounting for corporate social responsibility

Part 11 ONLINE ONLY 

31. Online: Further consolidation issues III: accounting for indirect ownership interests

32. Online: Accounting for investments in associates and joint ventures

About the Author

Craig Deegan, BCom (University of NSW), MCom (Hons) (University of NSW), PhD (University of Queensland), FCA is a Professor of Accounting in the School of Accounting at RMIT University, Melbourne. Craig has taught at both undergraduate and postgraduate levels for more than 25 years.Prior to working in the university sector, Craig worked as a chartered accountant. His research has tended to focus on various social and environmental accountability and financial accounting issues and has been published in many leading, international accounting journals.Craig regularly provides consulting services to corporations, government and industry bodies on issues pertaining to financial accounting and corporate social and environmental accountability. Craig is also the author of the leading financial accounting theory textbook, Financial Accounting Theory, now in its forth edition which is used widely in Australia and other countries.