Financial Reporting
Advanced Accounting Part 2
TEACHER’S MANUAL
2015 BASED ON PHILIPPINE FINANCIAL REPORTING STANDARDS (PFRSs)
Dear fellow teacher, This “Teacher’s Manual” should be used solely by the teacher and for classroom purposes only. This manual should NOT be reproduced either manually (e.g., printing or photocopy) or electronically (e.g., copying or uploading to the net) without my written consent (or the publisher’s written authorization). If you have comments, queries or suggestions, please do not hesitate to contact me (mobile no. 09178706962; email ad:
[email protected]). Thanks and God bless.
Sincerely, Zeus Vernon B. Millan
“
ANONYMOUS
TABLE OF CONTENTS CHAPTER 13 – BUSINESS COMBINATIONS (PART 1) .............................................1 Multiple Choice – Theory ....................................................................... 1 Multiple Choice – Computational ......................................................... 1 Exercises ................................................................................................. 7 CHAPTER 14 – BUSINESS COMBINATIONS (PART 2) ........................................... 15 Multiple Choice – Theory ..................................................................... 15 Multiple Choice – Computational ....................................................... 15 Exercises ............................................................................................... 22 CHAPTER 15 – BUSINESS COMBINATIONS (PART 3) ........................................... 31 Multiple Choice – Theory ..................................................................... 31 Multiple Choice – Computational ....................................................... 31 Exercises ............................................................................................... 35 CHAPTER 16 – CONSOLIDATED FINANCIAL STATEMENTS (PART 1) ........................ 39 Multiple Choice – Theory ..................................................................... 39 Multiple Choice – Computational ....................................................... 39 Exercises ............................................................................................... 45 CHAPTER 17 – CONSOLIDATED FINANCIAL STATEMENTS (PART 2) ........................ 56 Multiple Choice – Computational ....................................................... 56 CHAPTER 18 – CONSOLIDATED FINANCIAL STATEMENTS (PART 3) ........................ 62 Multiple Choice – Theory ..................................................................... 62 Multiple Choice – Computational ....................................................... 62 CHAPTER 19 – CONSOLIDATED FINANCIAL STATEMENTS (PART 4) ........................ 88 Multiple Choice – Theory ..................................................................... 88 Multiple Choice – Computational ....................................................... 88 CHAPTER 20 – SEPARATE FINANCIAL STATEMENTS ...........................................105 Multiple Choice – Theory ................................................................... 105 Multiple Choice – Computational ..................................................... 105 Exercises ............................................................................................. 106 CHAPTER 21 – THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES ............. 107 Multiple Choice – Theory ................................................................... 107 Multiple Choice – Computational ..................................................... 107 Exercises ............................................................................................. 127 CHAPTER 22 – ACCOUNTING FOR DERIVATIVES AND HEDGING TRANSACTIONS (PART 1) ............................................................................................................ 159 Multiple Choice – Theory ................................................................... 159 Exercises ............................................................................................. 159 CHAPTER 23 – ACCOUNTING FOR DERIVATIVES AND HEDGING TRANSACTIONS (PART 2) ............................................................................................................ 160 Multiple Choice – Theory ................................................................... 160 Multiple Choice – Computational ..................................................... 160
Exercises............................................................................................. 171 CHAPTER 24 – ACCOUNTING FOR DERIVATIVES AND HEDGING TRANSACTIONS (PART 3) ............................................................................................................ 183 Multiple Choice – Computational ..................................................... 183 Exercises ............................................................................................. 197 CHAPTER 25 – ACCOUNTING FOR DERIVATIVES AND HEDGING TRANSACTIONS (PART 4) ............................................................................................................ 219 Multiple Choice – Theory ................................................................... 219 Multiple Choice – Computational ..................................................... 219 CHAPTER 26 – CORPORATE LIQUIDATION AND REORGANIZATION ....................... 228 Multiple Choice – Theory ................................................................... 228 Multiple Choice – Computational ..................................................... 228 Exercises ............................................................................................. 236
