Summary
Your ultimate guide to compiling group financial statements | FAC2602 Group Financial Statements SUMMARY
- Course
- Institution
A comprehensive summary containing tips and tricks to compile group financial statements for FAC2602.
[Show more]
Seller
Follow
jwilliamsx98
Reviews received
Content preview
FAC2602GROUP STATEMENTS
SUMMARY
,WHOLLY-OWNED SUBSIDIARY AT DATE OF ACQUISITION
Consolidated statement of financial position of Parent Ltd Group as at year end
Assets
Non-current assets
Goodwill From AOE
Current assets
Inventories (Parent + Subsidiary + adjustments – intragroup
Cash and Cash equivalents transactions)
Trade and other receivables
TOTAL ASSETS
Equity and Liabilities
Equity attributable to owners of the parent
Share capital (Parent + Subsidiary – Subsidiary)
Retained Earnings
Other components of equity
Revaluation surplus
Non-controlling interests 0
TOTAL EQUITY
Non-current liabilities
Long-term borrowings (Parent + Subsidiary + adjustments – intragroup
transactions)
Current Liabilities
Trade and other payables (Parent + Subsidiary + adjustments – intragroup
transactions)
TOTAL EQUITY AND LIABILITIES
Calculations:
Analysis of Owner’s Equity of Subsidiary
Total Parent 100% NCI
At Since 0%
At acquisition
Share capital x
Retained earnings
Revaluation surplus
Goodwill/Purchase difference
Consideration Given
, PARTLY-OWNED SUBSIDIARY AT DATE OF ACQUISITION
Consolidated statement of financial position of Parent Ltd Group as at year end
Assets
Non-current assets
Goodwill From AOE
Property, Plant and Equipment (Parent + Subsidiary + adjustments – intragroup
transactions)
Current assets
Inventories (Parent + Subsidiary + adjustments – intragroup
Cash and Cash equivalents transactions)
Trade and other receivables
TOTAL ASSETS
Equity and Liabilities
Equity attributable to owners of the parent
Share capital (Parent + Subsidiary – Subsidiary)
Retained Earnings
Other components of equity
Revaluation surplus
Non-controlling interests 0
TOTAL EQUITY
Non-current liabilities
Long-term borrowings (Parent + Subsidiary + adjustments – intragroup
transactions)
Current Liabilities
Trade and other payables (Parent + Subsidiary + adjustments – intragroup
transactions)
TOTAL EQUITY AND LIABILITIES
Calculations:
Analysis of Owner’s Equity of Subsidiary
Total Parent x% NCI
At Since (100-x) %
At acquisition
Share capital x
Retained earnings
Revaluation surplus
Goodwill/Purchase difference -
Consideration Given
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jwilliamsx98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.23. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now