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Eliminate intercompany pp&e transactions in consolidation between a parent and its subsidiary. Learn year-end entries to remove gains and adjust depreciation so asset cost is preserved.
In this course, all of the pertinent entries and calculations for Consolidations and Business Combinations will be covered.
The AICPA wants you to know certain rules and points related to Consolidations and Business Combinations, such as Intercompany Eliminations, Consolidating Financial Statements and Acquisition Journal Entries. All of these will be broken down into easy-to-follow steps.
If you're looking for clarity on Consolidations and Business Combinations for FAR, this is where it's at!