复旦大学高级财务会计 第三章.pdf

Chapter 3: An Introduction to Consolidated Financial Statements 3-1 Intro to Consolidations: Objectives 1. Recognize the benefits and limitations of consolidated financial statements. 2. Understand the requirements for inclusion of a subsidiary in consolidated financial statements. 3. Apply the consolidation concepts to parent company recording of the investment in a subsidiary at the date of acquisition. 4. Allocate the excess of the fair value over the book value of the subsidiary at the date of acquisition. 3-2 Objectives (continued) 5. Learn the concept of noncontrolling interest when the parent company acquires less than 100% of the subsidiarys outstanding common stock. 6. Amortize the excess of the fair value over the book value in periods subsequent to the acquisition. 7. Prepare consolidated balance sheets subsequent to the date of acquisition, including preparation of elimination entries. 8. Apply the concepts underlying preparation of a consolidated income statement. 3-3 An Introduction to Consolidated Financial Statements 1: Business Combination Consummated Through Stock Acquisitions 3-9 Consolidated financial statements  FASB ASC 810: Consolidation: FAS 94、FAS 160  IFRS 10 ：Consolidated Financial Statements  中国企业会计准则第33号: 合并财务报表 Consolidated financial statements  FASB Statement No. 94 ：Consolidation of All Majority- owned Subsidiaries—an amendment of ARB No. 51 (Issue Date 10/87) – Control based on share ownership – majority and minority interest  FASB Statemen