Abstract
Group Accounting provides a comprehensive coverage of the preparation of consolidated financial statements and the issues that may arise in the process. It covers all topics typically relevant in this context, from common areas like the elimination of intragroup transactions and accounting for business combinations to more complex issues such as step acquisitions and currency translation of foreign subsidiaries.
Recognizing that group accounting is technically complex and often perceived as challenging, the authors of Group Accounting have adopted a clear pedological approach; understanding the underlying logic makes it easier to grasp complicated techniques. Therefore, the book focuses on providing a basic understanding of the principles of group accounting and the various situations that need to be addressed. Readers obtain both conceptual insights and practical knowledge, with each area illustrated through explanatory texts and examples. Each chapter concludes with exercises and accompanying solutions.
Group Accounting is based on both international standards (IFRS) and the Swedish standard (K3), thereby covering all requirements that Swedish companies need to apply in the preparation of consolidated financial statements. The book is intended for both university students and professionals working with group accounting in practice.