Chapter 3: An Introduction to Consolidated Financial Statements 3-1
3-1 Chapter 3: An Introduction to Consolidated Financial Statements
Intro to Consolidations: Obiectives 1. Recognize the benefits and limitations of consolidated financial statements 2. Understand the requirements for inclusion of a subsidiary in consolidated financial statements 3. Apply the consolidation concepts to parent company recording of the investment in a subsidiary at the date of acquisition 4. Allocate the excess of the fair value over the book value of the subsidiary at the date of acquisition
3-2 Intro to Consolidations: Objectives 1. Recognize the benefits and limitations of consolidated financial statements. 2. Understand the requirements for inclusion of a subsidiary in consolidated financial statements. 3. Apply the consolidation concepts to parent company recording of the investment in a subsidiary at the date of acquisition. 4. Allocate the excess of the fair value over the book value of the subsidiary at the date of acquisition
Obiectives (continued 5. Learn the concept of noncontrolling interest when the parent company acquires less than 100%o ofthe subsidiary ' s outstanding common stock. 6. Amortize the excess of the fair value over the book value in periods subsequent to the acquisition 7. Prepare consolidated balance sheets subsequent to the date of acquisition, including preparation of elimination entries 8. Apply the concepts underlying preparation of a consolidated income statement
3-3 Objectives (continued) 5. Learn the concept of noncontrolling interest when the parent company acquires less than 100% of the subsidiary's outstanding common stock. 6. Amortize the excess of the fair value over the book value in periods subsequent to the acquisition. 7. Prepare consolidated balance sheets subsequent to the date of acquisition, including preparation of elimination entries. 8. Apply the concepts underlying preparation of a consolidated income statement
An introduction to Consolidated financial statements 1: Business combination consummated Through Stock Acquisitions
3-9 1: Business Combination Consummated Through Stock Acquisitions An Introduction to Consolidated Financial Statements
Consolidated financial statements O FASB asC 810: consolidation ◆FAS94、FAS160 O FRS 10: Consolidated financial statements ●中国企业会计准则第33号:合并财务报表
Consolidated financial statements FASB ASC 810: Consolidation: FAS 94、FAS 160 IFRS 10：Consolidated Financial Statements 中国企业会计准则第33号: 合并财务报表