Finance and Accounting - Coursework Example

Free

Extract of sample
Finance and Accounting

It transforms how trade acquisitions are carried out and accounted for, and it also impacts economic statements from the date of completion of the acquisition. It further influences the yearly goodwill impairment test connected with acquisitions that closes both before and after the efficient date of this standard. A non controlling interest is the part of equity in a supplementary not attributable, indirectly or directly, to a parent company. The main objective of this statement is to recover the relevance, transparency, and comparability of the monetary information that a reporting unit gives in its consolidated financial statements by determining reporting and accounting standards. 2. In a partial acquisition, where a firm acquires a managing interest during a series of dealings, the acquirer will normally record every asset, containing 100% of goodwill and every liability at fair value on the date the control is taken over. This makes use of single-step acquisitions of a managing interest, in addition to transactions, where acquiring control requires various steps over time. 3. Fair value is the predictable value of every liability and asset of an acquired company, which needs to be determined. ...Show more

Summary

1. SFAS No. 141R is a revision of the standard that continues to be a tool which helps in the better use of fair values in monetary reporting. It transforms how trade acquisitions are carried out and accounted for, and it also impacts economic statements from the date of completion of the acquisition. …
Author : vandervortlucas
Finance and Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the coursework on your topic
"Finance and Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

Research Proposal
Nowhere is effective management of ethical behavior of greater consequence than in the banking and insurance industries. Finance and accounting professionals have been in recent litigation because the nature of their working relationship has allowed them to share information that should otherwise not have been shared (Dimitris, 2009).
6 pages (1500 words) Coursework
Accounting and Finance
The indirect costs (those that cannot be directly attributed to generating revenue) are then deducted from the gross profit to give a net income figure. A single profit and loss account provides information about how much it costs to generate sales, and how much
4 pages (1000 words) Coursework
Accounting
So, what was the root cause of corporate fiascos such as Enron/Arthur Anderson and WorldCom and what force serves as incentives for
2 pages (500 words) Coursework
Investment appraisal under uncertainty
The Discounting Cash Flow Model is not reliable as a perfect tool for valuation because it is practically not able to predict the growth rate of the company’s cash flows. However, it can give an estimate of the value of the company in combination with other
1 pages (250 words) Coursework
Coursework
B. In case b, Money functions as a unit of account. It provides a standard measure of the relative value of goods and services. Money relieves Tim from extra costs he could incur in the valuation process. C. In the third instance, money
1 pages (250 words) Coursework
Government vs. Private Sector
It is important to note that the accounting methods applied in the public sector and private sector accounting significantly differ. Financial
1 pages (250 words) Coursework
Finance accounting solution
Also, the goods sold must match the descriptions given and be of satisfactory quality. If this is not so, the customer has the right to return the goods. Hence, the actions of the student are inappropriate, and they display her dishonesty. If the suits met the student’s
1 pages (250 words) Coursework
Course project
Liquidity ratios will analyze the company ability to pay bills. It is in the form of current ratio and acid test ratio. Macy’s current ratio is 1.52 which means that the company can pay its current liabilities. The acid test ratio is 0.55
1 pages (250 words) Coursework
ACCOUNTING AND FINANCE
The criticism, therefore, prompts an in-depth assessment of the relevance of both the traditional and the ABC costing methods to management today. Today,
6 pages (1500 words) Coursework
Homework
Securities in investment also ensure there is the separation of ownership of possession and management of assets. This results of easy transfer and widespread ownership, which leads to the distribution of wealth over investments and professional management
1 pages (250 words) Coursework
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT