Ghostbusters Ltd & Bat Ltd: Consolidated Financial Statement Analysis
VerifiedAdded on  2023/06/07
|6
|905
|471
Practical Assignment
AI Summary
This assignment provides a comprehensive solution to a consolidation problem involving Ghostbusters Ltd's acquisition of Bat Ltd. It includes business combination valuation entries, pre-acquisition entries, and adjustments for inter-entity transactions such as sales of inventory, plant transfers, and sales of land. The solution details the adjustments required for preparing consolidated financial statements, including sales revenue, cost of sales, other expenses, and tax implications. The final consolidated financial statements include calculations for trading profit, profit before tax, profit, retained earnings, share capital, general reserve, BCVR, deferred tax liabilities, current tax liability, provisions, and loans, offering a complete picture of the consolidated entity's financial position and performance. This document illustrates the process of consolidating financial statements and addresses complex accounting issues related to business combinations and intercompany transactions.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
1 out of 6