Table of Contents

Chapter 1 An introduction to Group financial statements Principle references: IFRS 9, 10; Chapter 2 Business combination – Basics Principle references: IFRS 3, 10, IAS12; Chapter 3 Consolidation at acquisition date Principle references: IFRS 3, 10 IAS12; Chapter 4 Consolidation after acquisition date Principle references: IFRS 10; Chapter 5 Adjusting for intragroup transactions and balances Principle references: IFRS 10; Chapter 6 Group Statements – Sundry advanced aspects; Chapter 7 Complex groups Principle references: IFRS3, 10; Chapter 8 Associates Principle references: IAS 28; Chapter 9 Joint Arrangements Principle references: IFRS 11, IAS 28; Chapter 10 Joint Arrangements Principle references: IFRS 11, IAS 28; Chapter 11 Change in interests in investments- Acquisitions Principle references: IFRS 3, IFRS 10, IAS 28; Chapter 12 Change in interests in investments- Other Principle references: IFRS 3, IFRS 10, IAS 28; Chapter 13 Foreign Operations Principle references: IAS 21, IFRS 3, IFRS 10; Chapter 14 Consolidated Statement of Cash Flows Principle references: IAS 7; Chapter 15 Disclosure of interests in other entities Principle references: IFRS 12.

About the Author

Ryan Kraut is a Chartered Accountant with a number of years’ experience both lecturing at two of the largest tertiary private educational Institutions in South Africa and tutoring financial accounting from first year level to fourth year (honours) level. A good deal of his financial accounting lecturing and tutoring has focused on accounting for groups which has enabled him to fully comprehend the difficulties students typically encounter in this area. Moreover, years of experience teaching group accounting, which involved setting and marking student exams has given him tremendous insight into the way students conceptualise group accounting and answer group accounting exam questions. This has informed his approach to creating a group accounting publication that truly addresses students’ needs and facilitates a fundamental understanding of underlying group accounting concepts. Further, Ryan has worked as a Group Financial accountant for a large South African multinational holding company which has provided him with real world group accounting experience, which is leveraged upon to enhance the technical quality and practicality of Mastering Group Financial Statements.