Who Can Benefit?

• Vice Presidents of finance
• Controllers
• senior finance managers
• executives Accountants
• Financial Affairs personnel

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 and prepare a translated trial balance along with the necessary consolidation entries.

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
• Translation of Foreign Currency Financial Statements
•  Worldwide Accounting Diversity and International Accounting
• Standards