Consolidation accounting rules in Australia recently changed to require the consolidation of all entities that the parent company has the capacity to control. Previously, Australian rules required the consolidation of companies (amongst other factors) if they were more than 50% owned by the...

<title>Abstract</title> IAS 32 <italic>Financial Instruments: Disclosure and Presentation</italic> (1995) raises a number of questions. In particular, it is argued that the Standard's requirements on accounting for, and the classification of, compound financial instruments by the issuer, are based on reasoning that is...