Corporate Accounting: Consolidated Income Statement, Balance Sheet, Acquisition Analysis, Journals, Worksheet, and Rationale of Intragroup Transaction

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student:
Name of the University:
Author’s Note:

1CORPORATE ACCOUNTING
Table of Contents
Consolidated Income Statement:.....................................................................................................2
Consolidated Balance Sheet:...........................................................................................................3
Acquisition Analysis:.......................................................................................................................4
Consolidation Journals:...................................................................................................................5
Worksheet:.......................................................................................................................................7
Rationale of Intragroup Transaction:...............................................................................................7
Reference & Bibliography:..............................................................................................................9

2CORPORATE ACCOUNTING
Consolidated Income Statement:
Particulars Group Company
Revenue 366,000 162,000
Expenses (128,338) (48,000)
Operating Profit 237,663 114,000
Non-Operating Income/(Expenses):
Gain on Sale of Non-Current Assets 8,188 6,000
Net Profit before Tax 245,850 120,000
Tax Expenses (111,555) (52,500)
Net Profit after tax for the period 134,295 67,500
In the books of Lead Beaters Ltd.
Consolidated Income Statement
for the year ended 30th June, 2017