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ACC204 Corporate Accounting And Reporting

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Added on  2022-08-19

ACC204 Corporate Accounting And Reporting

   Added on 2022-08-19

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Running head: ACC204 CORPORATE ACCOUNTING AND REPORTING
ACC204 Corporate Accounting and Reporting
Name of the Student:
Name of the University:
Author Note
ACC204 Corporate Accounting And Reporting_1
1ACC204 CORPORATE ACCOUNTING AND REPORTING
Table of Contents
1. Acquisition Analysis of the organisation:..............................................................................2
2. Business Combination Valuation Entries (BCVR) at acquisition:........................................2
3. Journal entry to recognise NCI:.............................................................................................3
4. Consolidated worksheet entries at 30 June 2020:..................................................................3
5. Explaining the step by providing the full goodwill method:..................................................4
Reference:..................................................................................................................................5
ACC204 Corporate Accounting And Reporting_2
2ACC204 CORPORATE ACCOUNTING AND REPORTING
1. Acquisition Analysis of the organisation:
Acquisition Analysis at July 2019
Particulars Value
Inventories 2,29,600
Land 4,59,200
Vehicle 5,35,500
Fittings 315
Liabilities (Contingent) 35,000
Share capital 9,56,000
General reserve 4,10,000
Asset revaluation surplus 3,28,000
Net fair value 29,53,615
Consideration transferred @
91% 27,32,000
NCI @ 9% 2,70,198
Goodwill on acquisition 48,583
2. Business Combination Valuation Entries (BCVR) at acquisition:
ACC204 Corporate Accounting And Reporting_3

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