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Chapter 19

Consolidated financial statements I

Outcome

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

 define and explain terms relevant to group accounting

 describe the components of a set of group financial statements, and prepare
basic a consolidated statement of financial position (or extracts thereof),
including adjustments to reflect non-controlling interests, fair values, intra-group
trading, unrealised profits and mid-year acquisition of a subsidiary

 calculate goodwill using the full goodwill method

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapters 21 and 22 of your Study Text

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