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Corporate Accounting- PDF

   

Added on  2020-10-23

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Finance
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CORPORATEACCOUNTING: PART1
Corporate Accounting- PDF_1

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1QUESTION 1...................................................................................................................................11. (a) General Journal Entries in the books of EZY Manufacturing Ltd. for acquisition ofinvestment:...................................................................................................................................1(b) Dividend Received or Receivable during the year ended 30th June, 2019............................3QUESTION 2...................................................................................................................................4QUESTION 3...................................................................................................................................5QUESTION 4...................................................................................................................................7Covered in Excel..........................................................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
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INTRODUCTIONCorporate accounting is a special branch of accounting which can deal with theaccounting for companies (Belal, 2016) . It is a process which can involve different finalaccounts of a company like cash flow statement, preparation of their final accounts and Afteranalysis these results and interpretation of companies financial result in particular accountingperiod. These financial results are interpreted specific events such as absorption, amalgamationand consolidation. In the report consist of Ezy manufacturing limited can acquire of range PTYLTD and Swift Works Ltd where focused on purchase consideration, business combination andgoodwill. The company basically follow the rules of acquisition analysis because of companygets growth through analysis. With the help of corporate accounting track all records after thatacquire any other company. MAIN BODYBusiness Combination is a transaction which the acquirer get control of another businessand business combination can provide to way to grow their size as compare to internal activities.It is not the formation of a joint venture nor does to involve the set of assets which can notconstitute a business. In consolidation, purchase consideration is the cash or stock or otherassets movement by the acquirer to the acquiree or their shareholder in return of the acquireesassets or their stock. It is an important number which is finding during to business combinationand in the process of price allocation. The value of purchase consideration is higher than the fairvalue of net assets of the acquiree (Caskey and Laux, 2016) . Goodwill is a long term assetclassified as an intangible asset and goodwill is recorded when a company has been acquiredanother company for growth. If that time purchase price is greater than to fair value of thetangible and intangible assets acquired after than less amount of liabilities of a company on theassumption basis. In the context of given case study, the following questions have been answeredand conclusions drawn thereof:QUESTION 11. (a) General Journal Entries in the books of EZY Manufacturing Ltd. for acquisition ofinvestment:(i)Range Ltd. as on July 1, 2015:1
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