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  • Advanced Financial Accounting Lecture

    Загружено:

    Erwin Labayog Medina
    85 просмотров9 страниц
    This document summarizes key topics in consolidated financial statements including accounting for impairment of goodwill, changes in ownership interests that result in loss of control, and changes in ownership interests that do not result in loss of control. It outlines that impairment of goodwill is accounted for in consolidated financial statements. For changes in ownership without loss of control, equity transactions are used, recognizing no gain or loss. Changes resulting in loss of control use the deconsolidation method or step acquisition method. Practice problems are provided to apply these concepts.

    Исходное описание:

    Оригинальное название

    CHAPTER 19 CONSOLIDATED FS - PART 3

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    This document summarizes key topics in consolidated financial statements including accounting for impairment of goodwill, changes in ownership interests that result in loss of control, and changes in ownership interests that do not result in loss of control. It outlines that impairment of goodwill is accounted for in consolidated financial statements. For changes in ownership without loss of control, equity transactions are used, recognizing no gain or loss. Changes resulting in loss of control use the deconsolidation method or step acquisition method. Practice problems are provided to apply these concepts.

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    © All Rights Reserved
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    Отметить как неприемлемый контент
    85 просмотров9 страниц

    Advanced Financial Accounting Lecture

    Загружено:

    Erwin Labayog Medina
    This document summarizes key topics in consolidated financial statements including accounting for impairment of goodwill, changes in ownership interests that result in loss of control, and changes in ownership interests that do not result in loss of control. It outlines that impairment of goodwill is accounted for in consolidated financial statements. For changes in ownership without loss of control, equity transactions are used, recognizing no gain or loss. Changes resulting in loss of control use the deconsolidation method or step acquisition method. Practice problems are provided to apply these concepts.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 9

    (Advanced Financial

    Accounting and Reporting


    Part 2)
    LECTURE AID

    2017

    ZEUS VERNON B. MILLAN

    AFAR PART 2: Zeus Vernon B. Millan


    Chapter 19 CONSOLIDATED FS (Part 3)

     
    Learning Objectives

    • Account for the effect of impairment of


    goodwill on the consolidated financial
    statements.
    • Determine the effects of changes in
    ownership interests that (a) result in loss
    of control and (b) does not result in loss of
    control.
    AFAR PART 2: Zeus Vernon B. Millan
    Impairment of goodwill

    AFAR PART 2: Zeus Vernon B. Millan


    Changes in ownership interest not resulting to loss
    of control

    • If the parent’s ownership interest in a subsidiary changes


    but does not result to loss of control, the change is
    accounted for as an equity transaction.
    • NO GAIN OR LOSS is recognized from the transaction.

    AFAR PART 2: Zeus Vernon B. Millan


    Loss of control

    AFAR PART 2: Zeus Vernon B. Millan


    Loss of control (Continuation)

    OR

    AFAR PART 2: Zeus Vernon B. Millan


    • (APPLICATIONS: PROBLEM 18-2: #’s 1 – 6)

    AFAR PART 2: Zeus Vernon B. Millan


    OPEN FORUM
    QUESTIONS????
    REACTIONS!!!!!

    AFAR PART 2: Zeus Vernon B. Millan


    IFA PART 1A: Zeus Vernon B. Millan
    END

    AFAR PART 2: Zeus Vernon B. Millan

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