Page 301 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 21

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 a
basic 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
Chapter 21 of your Study Text

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