Topic 7 Consolidation after Acquisition

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Ho1MRIs1NwM

0:00:00 Introduction • 0:00:14 Accounting for an investment in a subsidiary • 0:02:23 Consolidated financial statements • 0:03:09 A typical consolidation problem • 0:05:26 Steps in consolidation process • 0:08:08 Steps 1 and 2 • 0:09:15 Step 3 Acquisition differential amortization • 0:12:48 Amortization of fair value differences • 0:15:04 Step 4 Intercompany revenues/expenses • 0:16:45 Step 5 Intercompany receivables/payables • 0:17:45 Adjustments for intercompany transactions and balances • 0:18:53 Step 6 Intercompany profits • 0:20:09 Adjustments for intercompany profits • 0:31:54 Step 7 Consolidated net income • 0:37:58 Step 8 Consolidated retained earnings • 0:44:53 Step 9 NCI for consolidated SFP • 0:48:39 Step 10A Consolidated SCI • 0:49:23 Consolidated SCI common adjustments • 0:54:37 Step 10B Consolidated SFP • 0:55:11 Consolidated SFP common adjustments • 0:57:36 Consolidated PP E Accumulated depreciation • 0:59:52 Consolidated SCE • 1:00:54 Consolidated SCF

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