Course Objective

• Distinguish between the purchase method and pooling of interest method,
• Prepare entries for two companies, each with goodwill, direct and indirect acquisition costs, issue costs,
• Prepare determination and distribution of excess schedules.
• Perform comparison of 100% purchase and pooling; record investments and prepare consolidated balance sheets,
• Prepare elimination entries using the equity method and cost method,
• Prepare consolidated worksheets.
• Prepare journal entries to account for contracts that are denominated in foreign currency
• prepare a translated trial balance along with the necessary consolidation entries.

Who Can Benefit?

• Vice Presidents of finance
• controllers
• senior finance managers
• Executives Accountants
• Financial Affairs personnel

Course Outline

• The Equity Method of Accounting for Investments
• Consolidation of Financial Information
• Consolidations - Subsequent to the Date of Acquisition
• Consolidated Financial Statements and Outside Ownership
• Foreign Currency Transactions and Hedging Foreign Exchange Risk
• Translation of Foreign Currency Financial Statements
• Worldwide Accounting Diversity and International Accounting Standards

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