高级财务会计陈信元Introductionandchapter1.pptxVIP

Introduction toAdvanced Accounting;2. Topics of Advanced Accounting ? Business combination and CFS ? Partnership and branch accounting ? Issues in special reporting ? Accounting for foreign operations ? Governmental and nonprofit organization accounting ? other topics 3. References ? Floyd A. Beams: Advanced Accounting, 10th ed. 2009 ? Legal requirements, accounting standards (CAS, 2006) and systems in PRC; Newspapers and Journals - Journal of Accountancy - Journal of Accounting Education - 会计研究 - 财务与会计4. Grading policy Your grade in this course will be determined as  follows:  Class participation and test 10%  Assignments 20% Term examination 70% Total 100%; Chapter 1Business Combination; 3) classification ? horizontal integration ? vertical integration ? conglomeration 12. Reasons 1) profitability 2) operating efficiencies 3) diversification of business risks business expansion thru. combination or construction ? ? cost advantage ? lower risk ? fewer operating delays ? avoidance of takeovers ? intangible assets acquisition ? tax advantages; 13. Legal form of B.C. 1) merger ? acquisition of net assets ? the acquiring company continues to be a SLE. ? the acquired company ceases to exist as a SLE, and its books are closed. ? the acquiring firm records separate assets and liabilities ? A + B = A 2) consolidation ? a new firm is formed ? the acquired firms normally cease to continue as SLEs. ? the new firm records the separate assets and liabilities ? A + B = C;3) acquisition ? majority (50%) equity interest acquisition ? the position of SLE of each company is unchanged ? the acquiring company records an ‘Investment in S’ ? the acquired company maintains its books as before 14. Types of considerations given up: ? cash ? non-cash assets ? debt ? s