This course deals mainly with consolidation and mergers, parent-subsidiary relationships, and consolidated statements, including foreign subsidiaries.
The other topics deal with accounting for the effects of changes in foreign exchange rates and other similar current issues.
By the end of the course, the student will be able to:
* Discuss the accounting methods for investments.
* Journalize transactions under the cost method of recording investments.
* Recognize, measure, present and disclose intercompany transactions.
* Prepare separate and consolidated financial statements of the parent and subsidiary companies.
* Recognize, measure, present and disclose the effects of foreign exchange rates in the financial statements.
- Teacher: Emerson Ramos
- Enrolled students: 48