Catalogue

Description

This course will be an overview of:

• When to use consolidated statements.
• How to choose and execute the right accounting method for your organizations portfolio of subsidiaries and investments.

After completing this course, the learner should be able to:

• Recognize the characteristics of acquisition method business combinations.
• Recognize the accounts that are eliminated and recognized when applying the acquisition method and how to prepare the eliminating journal entry.
• Recognize how goodwill and non-controlling interests are accounted for and reported in the consolidated financial statements.
• Calculate goodwill and non-controlling interest under the acquisition method.
• Recognize how expenditures are accounted for in acquisition method business combinations.
• Recognize the types of identifiable intangible assets and how they are accounted for when applying the acquisition method.
• Recognize how to eliminate inter-company transactions when consolidating financial statements.