corporateaccounting课件Chapter19Consolidation幻灯片.pptVIP

* The consolidation journals will be posted onto the consolidation worksheet at 30 June 2016 (the date of acquisition) * * * The consolidation journals will be posted onto the consolidation worksheet at 30 June 2016 (the date of acquisition) * These topics are not covered in detail in this lecture * * * LO5: Prepare the worksheet entries in periods subsequent to the acquisition date, adjusting for movements in assets and liabilities since acquisition date and dividends from pre-acquisition equity (p. 945) * * * * * * * * * * * * * LO6: Prepare the worksheet entries where the subsidiary revalues its assets at acquisition date (p.957) * LO7: Prepare the disclosures required by AASB 3 and AASB 12 (p. 958) * LO8: Explain the consolidation procedures for a reverse acquisition (p. 961) * * Worksheet entries subsequent to acquisition date Lotech Group Difference Carrying amount at date of acquisition 80,000 125,000 45,000 Remaining useful life 8 years 8 years 8 years Annual depreciation 10,000 15,625 5,625 $5,625 p.a. additional depreciation expense is required on consolidation Lecture example – buildings Worksheet entries subsequent to acquisition date Lecture example - buildings On 30 June 2017 – 1 year after acquisition record the following:DR Accum. Depreciation 20,000 CR Buildings 20,000 DR Buildings 45,000 CR DTL 13,500 CR BCVR 31,500DR Depreciation expense 5,625 CR Accum. depreciation 5,625 DR DTL 1,687.5 CR ITE 1,687.5 Over the next eight years we progressively reverse the DTL created with the original valuation entry Buildings – Y/E 30 June 2018 – two years after acquisition:DR Accum. Depreciation 20,000 CR Buildings 20,000 DR Buildings 45,000 CR DTL 13,500 CR BCVR 31,500DR Depreciation expense 5,625DR Retained earnings 5,625 CR Accum depreciation 11,250 DR DTL 3,375 CR ITE 1,687.5 CR Retained earnings 1,687.5 2017 adj.