Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements

You will be introduced to the acquisition method of accounting for a business combination

You will be introduced to the concepts of control over a business

You will gain a deeper understanding of the assets acquired and liabilities assumed in a business combination

You will learn different accounting methods used to account for investments in equity securities, the basics of control, the scope of "Business Combination" (ACS 805), as well as the methods to record an acquisition of a group under asset acquisition and

You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments

You will learn the measurement principles for an acquisition and the goodwill equation to calculate the goodwill or gain from a bargain purchase as a result of the business combinationyou will be introduced to different components of consideration transfe