Issue 3 Consolidation with who.docx
- 文档编号:2044169
- 上传时间:2022-10-26
- 格式:DOCX
- 页数:11
- 大小:27.48KB
Issue 3 Consolidation with who.docx
《Issue 3 Consolidation with who.docx》由会员分享,可在线阅读,更多相关《Issue 3 Consolidation with who.docx(11页珍藏版)》请在冰豆网上搜索。
Issue3Consolidationwithwho
Issue3Consolidationwithwhollyownedsubsidiaries(100%votingrights)
1.Theadjustmentforconsolidationprocess
Thecostofthecombinationiscalculatedatthedateofexchange,whereasthefair
valuesoftheidentifiableassets,liabilitiesandcontingentliabilitiesofthesubsidiaryaremeasuredattheacquisitiondate.Acquisitiondateisthedateonwhichtheacquirereffectivelyobtainscontroloftheacquiree.
Inmostcases,wheretherearedifferentreportingdatesbetweentheparentand
thesubsidiary,thesubsidiarywillprepareadjustedfinancialstatementsasattheparent’sreportingdate.
Thewholepictureofconsolidationprocess:
#Valuationentries:
adjustingtheCAofthesubsidiary’sassetsandliabilitiestoFV#Pre-acquisitionentries:
eliminatingparent’sinvestmentandparent’sportionofpre-acquisitionequityandrecognisinggoodwill
#Intragrouptransactionssubsequenttotheacquisitiondate
Theyareallmadeintheconsolidationworksheetandnotintherecordsofthesubsidiary.
2.Theprocessbeginswiththeacquisitionanalysis:
Calculatethenetfairvalueofidentifiableassets,liabilitiesandcontingentliabilities
ofSubLtd=Historicalcostofnetassets(equity)+changeinvalueofnon-currentassetsandliabilities(consideringdeferredtax)
Calculatethecostofthecombination
Goodwill=cost–NetFVofnetassets
3.Theacquisitionanalysis
Netfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesofSubLtd=recordedequity+BCVR(Land)+BCVR(Equipment)+BCVR(Inventory)+BCVR(Patent)–BCVR(Contingentliability)
Goodwill=Costofcombination–NetFairValue
4.Businesscombinationvaluation(BCVR)entries–revaluateassetsandliabilitiesin
worksheet
Land
DeferredTaxLiability
BusinessCombinationValuationReserve
AccumulatedDepreciation–Equipment
Equipment
DeferredTaxLiability
BusinessCombinationValuationReserve
Inventory
DeferredTaxLiability
BusinessCombinationValuationReserve
Patent
DeferredTaxLiability
BusinessCombinationValuationReserve
BusinessCombinationValuationReserve
DeferredTaxLiability
ContingentLiability
(UnderAASB3onlythegoodwillacquiredbytheparentisrecognisedonconsolidation.ThegoodwillattributabletoMinorityInterestisnotrecognisedonconsolidation.Thebusinesscombinationvaluationentryrecognisedthefullfairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesofthesubsidiary,regardlessofthepercentageownershipoftheparentinthesubsidiary)
5.Pre-acquisitionentries
RetainedEarnings
ShareCapital
BusinessCombinationValuationReserve
Goodwill
InvestmentinSubLtd
(AsnotedinAASB127,thepre-acquisitionentriesarerequiredtoeliminatethecarryingamountoftheparent’sinvestmentinthesubsidiaryandtheparent’sportionofpre-acquisitionequity.Thepre-acquisitionentryisnecessarynottooverstatetheequityandnetassetsofthegroup.Toincludeboththeasset“InvestmentinSubLtd”andthenetassetsofSubLtdintheconsolidatedbalancesheetwoulddouble-counttheassetsofthegroup.Similarly,toincludeboththeequityoftheparentandtheequityofthesubsidiaryintheconsolidatedbalancesheetwoulddouble-counttheequityofthegroup.AASB112IncomeTaxstatesthereisnorecognitionofdeferredtaxliabilityinrelationtogoodwillasgoodwillisaresidual.)
6.Subsidiaryhasrecordedgoodwillatacquisitiondate
Theacquisitionanalysis
Netfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesofSubLtd=recordedequity+BCVR(Land)+BCVR(Equipment)+BCVR(Inventory)+BCVR(Patent)–BCVR(Contingentliability)–RecordedGoodwill
(Whyrecordedgoodwillissubtractedhere?
Therecordedgoodwillisanunidentifiableassetandthusshouldnotbeincludedintheidentifiableassets.)Goodwill=Costofcombination–NetFairValue(includingrecordedgoodwillandunrecordedgoodwill)
Unrecordedgoodwill=Goodwill–Recordedgoodwill
Pre-acquisitionentry
RetainedEarnings
ShareCapital
BusinessCombinationValuationReserve
Goodwill(Onlyunrecordedgoodwill)
InvestmentinSubLtd
7.Subsidiaryhasrecordeddividendsatacquisitiondate
Assumethatoneofthepayablesisadividendpayable,thentheparentacquirestherighttothedividenddeclaredatacquisitiondate.
InvestmentinSubLtd
DividendReceivable
Cash/Sharecapital
(Theactualinvestmentshouldbethecostlessdividendreceivable.InthebalancesheetofParentLtd,thereshouldbe2accountsarisefromthetransaction,InvestmentinSubLtdandDividendReceivable,andbothofthemshouldbeeliminatedlater)
Theacquisitionanalysis
Netfairvalueofidentifiableassets,liabilitiesandcontingentliabilitiesofSubLtd=recordedequity+BCVR(Land)+BCVR(Equipment)+BCVR(Inventory)+BCVR(
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- Issue Consolidation with who