Ch 16: Accounting for Consolidations
About This Chapter
Accounting for Consolidations - Chapter Summary
Whether you are new to accounting practices or looking to brush up on some skills, this chapter on accounting for consolidations is for you. These lessons will teach you the skills you need to tackle consolidated financial statements, consolidation worksheets, and more. In this chapter, you will find topics such as:
- GAAP rules for consolidated financial statements
- Consolidation worksheets: what they are and how to use them
- Business combinations: definition and international implications
Our experts have crafted concise videos and text lessons to teach you what you need to know about accounting for consolidations, and an interactive Dashboard will help you navigate the materials with ease. Revisit the information as many times as you like, and test your knowledge with short chapter quizzes designed to help you retain what you learn. Study advanced accounting on your own time, and when you find yourself breezing through consolidation worksheets, check out study.com's array of accounting-based lessons to further bolster your knowledge.
1. What is a Business Combination? - Definition & International Implications
A business combination involves a buyer using a transaction to take over a business. Explore the definition and the international and accounting implications of business combinations and learn about disclosure requirements.
2. GAAP Rules for Consolidated Financial Statements
Learn about consolidated financial statements and study the GAAP rules. Explore the 10 key principles of GAAP rules, how they are applied, and how ASC 810 factors in.
3. Consolidation Worksheet: Definition & Process
Learn about the consolidation worksheet, also referred to as a consolidated financial statement. Explore how to create a consolidation worksheet with an example.
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Other chapters within the Accounting 302: Advanced Financial Accounting II course
- Business Ownership Types
- Key Accounting Concepts
- Accounting Equations & Formulas
- Journals & Ledgers in Accounting
- Financial Statements, Balance Sheets & Income Statements
- Analyzing Financial Statements
- Financial Statement Ratios
- Accounting for Inventory
- Accounting for Depreciation
- Accounting for Compensation, Taxes & Liabilities
- Adjustments & Closing Entries
- Corporate Accounting
- Departmentalized Accounting
- Taxation for Corporations
- Business & Financial Forecasting
- Government Accounting and Financial Reporting
- Options & Derivatives in Accounting
- Required Assignments for Accounting 302
- Studying for Accounting 302