On successful completion of this course, student will be able to: Explain the nature and characteristics of home and branch, partnership and business combinations; Prepare the journal entries necessary related to home and branch and partnership; Prepare consolidated financial statements and translation of foreign currency financial statements; Explain the nature and characteristics of consignment and installment sales; Prepare the journal entries necessary related to consignment and installment sales.
- Partnership Liquidation;
- Installment Sales;
- Home and Branch Relationship;
- Consignment Sales;
- Consolidated Financial Statements – Date of Acquisition;
- Consolidated Financial Statements after Acquisition;
- Allocation and Depreciation of Differences between Implied and Book Values;
- Translation of Financial Statements of Foreign Affiliates.
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