Financial Accounting 9th Edition Craig Deegan ((link)) Link

Title: An Examination of the Impact of Accounting Standards on Financial Reporting: A Critical Analysis of AASB 15 and its Implications for Australian Companies

Postgraduate Students (MBA/Masters)

Professionals returning for a Master’s degree will appreciate the critical perspective. Deegan does not treat students like technicians; he treats them like future CFOs who need to understand the implications of accounting choices. financial accounting 9th edition craig deegan

5. Updates in the 9th Edition

The 9th edition was updated to reflect the rapidly changing regulatory landscape. Significant updates include: Title: An Examination of the Impact of Accounting

• Summary: Basic EPS = (Profit attributable to ordinary shareholders − preference dividends) / weighted average ordinary shares; diluted EPS adjusts for convertible securities, options.
• Tip: Compute weighted average shares for issues during period and adjust for bonus issues and share splits.

• Inventory: compute opening stock + purchases − COGS (by chosen cost formula) = closing stock; show journals for write-downs.
• Depreciation schedule: columns for opening cost, additions, disposals, accumulated depreciation (opening + charge − disposal), carrying amount.
• Consolidation worksheet: columns for parent, subsidiary, adjustments/eliminations, consolidated totals; include goodwill calc: consideration paid + FV of NCI − FV identifiable net assets.
• Cash-flow (indirect): Start with profit before tax → adjust for non-cash items (depreciation, amortisation, impairment, unrealised gains) → working capital changes → interest/tax paid → net operating cash flow.

), realizing that every business transaction is a delicate balance. Summary: Basic EPS = (Profit attributable to ordinary