Corporate and Financial Accounting

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

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CORPORATE AND FINANCIAL ACCOUNTING
Executive Summary:
This report has been prepared in order to have a clear knowledge of the various
aspects of accounting, which is regarded to be acquirement of the companies that are
smaller in nature and the scenario in this case is JKY Limited acquiring FAB Limited. It
can be concluded that there are significant changes in treatment of accounts while
dealing with consolidated accounts and non-controlling interest with respect to several
standards of accounting. Different types of recognizing and measuring principles are
used during the analysis made to identify the distinctions between equity accounting
and consolidation accounting when smaller firms are acquired by large organizations.
Noteworthy differences between the consolidated financial statements of both the firms
are observed when intra-group transactions are treated. Lastly, it can be estimated that
separate need of the non-controlling interest for disclosure of reporting means of the
consolidated financial statements exerts significant on consolidation process as a
whole.

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CORPORATE AND FINANCIAL ACCOUNTING
Table of Contents
Introduction........................................................................................................................3
Response Part A:...............................................................................................................3
Response Part B................................................................................................................4
Response Part C...............................................................................................................6
Conclusion:........................................................................................................................8
References:........................................................................................................................9