Individual assignment

Answer questions/case studies in 1,500 words and create a 9-12 minutes' video presentation. Marks allocated for technical skills, addressing accounting issues, soft skills, writing a memo, and delivering a video presentation.

Financial Accounting and Reporting RECOGNITION AND MEASUREMENT OF ASSETS AND LIABILITIES IN CONSOLIDATED FINANCIAL STATEMENTS  Acquisition of Cargo

Financial Accounting and Reporting RECOGNITION AND MEASUREMENT

Financial Accounting and Reporting 2

This document provides an explanation of the accounting issues raised in a business combination and the valuation of assets and liabilities. It discusses the guidelines provided by AASB 3 and IFRS 3 for recognizing and measuring identifiable assets and liabilities. The document also addresses specific issues related to fair value adjustments and the creation of a business combination valuation reserve. Recommendations are provided for complying with accounting standards and preparing consolidated financial statements. The conclusion emphasizes the inclusion of all assets and liabilities in the consolidated statement.

Polytechnic University of the Philippines

Accounting Issues in Business Combination

This memo discusses the issues faced by Power ltd in measuring the assets of the business in relation to the acquisition of Cargo ltd. It addresses relevant accounting standards and provides solutions and explanations.

Political Science

Issues in Consolidation Treatments

This memorandum addresses key accounting issues related to business combination and consolidation in the acquisition of Cargo Limited by Power Limited. It explains the treatment of assets and liabilities at fair value and the recognition of equity accounts.

Accounting Issues: Business Combination and Consolidation

This memorandum addresses the accounting issues related to business combination and consolidation in the acquisition of Cargo Limited by Power Company Limited. It discusses the recognition and measurement of assets and liabilities, treatment of revaluation of assets, and the existence of equity accounts. The analysis is done in accordance with Australian accounting standards.

Test Prep

This memorandum addresses the accounting issues related to the acquisition of Cargo Limited by Power Limited, specifically regarding the adjustment of assets and liabilities at fair value and the existence of equity accounts. The Australian accounting standard board's recognition principles and valuation methods are explained to provide clarity on these issues. The memorandum also discusses the revaluation of assets in equity accounts and the recognition of liabilities. The conclusion highlights that equity accounts can exist for a definite period after a business combination. Overall, this memorandum provides a comprehensive understanding of the accounting treatment for assets, liabilities, and equity in business combinations.

Accounting Treatment for Assets, Liabilities, and Equity in Business Combination

This presentation discusses the recognition of assets at fair value and the revaluation of assets in financial accounting and reporting. It covers the appropriate method for adjustment to fair value, the equity accounts used during asset revaluation, and the existence and duration of these equity accounts. The conclusion highlights the impact of these adjustments on pre-acquisition entries.

Financial Accounting and Reporting RECOGNITION AND MEASUREMENT

End of preview

Accounting Issues in Business Combination

Issues in Consolidation Treatments

Accounting Issues: Business Combination and Consolidation

Accounting Issues: Business Combination and Consolidation

Accounting Treatment for Assets, Liabilities, and Equity in Business Combination

Recognition of Assets at Fair Value and Revaluation of Assets in Financial Accounting and Reporting

Financial Accounting and Reporting RECOGNITION AND MEASUREMENT

End of preview

Accounting Issues in Business Combinationlg...

Issues in Consolidation Treatmentslg...

Accounting Issues: Business Combination and Consolidationlg...

Accounting Issues: Business Combination and Consolidationlg...

Accounting Treatment for Assets, Liabilities, and Equity in Business Combinationlg...

Recognition of Assets at Fair Value and Revaluation of Assets in Financial Accounting and Reportinglg...

Accounting Issues in Business Combination

Issues in Consolidation Treatments

Accounting Issues: Business Combination and Consolidation

Accounting Issues: Business Combination and Consolidation

Accounting Treatment for Assets, Liabilities, and Equity in Business Combination

Recognition of Assets at Fair Value and Revaluation of Assets in Financial Accounting and Reporting