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Chapter 19

Group accounting – Basic groups

Outcome

By the end of this session you should be able to:

 apply the acquisition method of accounting for business combinations

 apply the principles in determining the cost of a business combination

 apply the recognition and measurement criteria for identifiable acquired assets
and liabilities and goodwill

 apply and discuss the criteria used to identify a subsidiary and an associate

 identify and outline issues around the preparation of consolidated financial
statements

 determine and apply appropriate procedures to be used in preparing group
financial statements

 apply the equity method of accounting for associates

 outline and apply the key definitions and accounting methods which relate to
interests in joint arrangements.

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 19 of your Study Text

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