Financial Reporting: Group Accounting & Consolidations

This module introduces the course, instructor, and learning environment. It provides an orientation to help students obtain the technical skills required to navigate and be successful in this course.

This module introduces concepts of control over a business, different accounting methods for investments in equity securities, basics of control, scope of "Business Combination" (ACS 805), and methods to record an acquisition of a group under asset acquisition and business combination.

This module covers the acquisition method of accounting for a business combination, measurement principles for an acquisition, goodwill equation, and preparation of consolidated financial statements on the business combination date.

This module covers different components of consideration transferred in a business combination, including share-based payment awards and contingent consideration. It also examines a real-life merger case study.

This module focuses on assets acquired and liabilities assumed in a business combination, including identifiable assets, intangible assets, and deferred taxes. It covers recognition and measurement rules under U.S. GAAP and IFRS.

This module covers the preparation of consolidated financial statements after the acquisition date, including accounting acquisition premium (AAP), consolidation adjustments, and intercompany inventory transactions.

This module covers more types of intercompany transactions and noncontrolling interests, including transactions with depreciable assets and intercompany debt. It also covers the calculation and presentation of noncontrolling interest in consolidated financial statements.

This module explores accounting rules for changes in the percentage of ownership of a Subsidiary and related topics. It covers business combinations achieved in stages, deconsolidation, and situations where a Subsidiary acquires shares of the Parent.

This module covers segment reporting and the goodwill impairment test. It includes rules for public companies on segment information disclosure, methods for identifying reporting units, and goodwill impairment testing under both U.S. GAAP and IFRS.