Advanced Accounting (4)

Learning Outcomes :

1. Explain the concept of business combination, concept of control, and concept of group reporting.
2. Prepare the consolidated financial statement using cost and complete equity methods
3. Apply consolidation principles of changes in ownership interest and trustee reportin

Topics:

1. Introduction to Business Combinations and the Conceptual Framework
2. Accounting for Business Combinations
3. Consolidated Financial Statements – Date of Acquisition
4. Consolidated Financial Statements after Acquisition
5. Allocation and Depreciation of Differences between Implied and Book Values
6. Elimination of Unrealized Profit on Intercompany Sales and Inventory
7. Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment
8. Intercompany Bond Holdings and Miscellaneous Topics – Consolidated Financial Statements
9. Changes in Ownership Interest
10. Insolvency – Liquidation and Reorganization