Guide to Consolidation Journal Entries

Financial statement consolidation can be worrying and troublesome. This guide takes you step by step through the whole process and provides you with the journal entries you may need. Print it out and place in your exam folder for quick and easy reference.

What’s covered?

  • Goodwill calculations
  • Basic journal entries at acquisition
  • Journal entries for subsequent years
  • Fair value adjustments
  • Inventory adjustments (URP)
  • Intra-group transfer of assets
  • Dividend elimination
  • Other intra-group eliminations

Also included: Guide to Business Combinations

This guide is ideal if you need to know the basics of business combinations and don’t have time to search through pages and pages of your textbook. Simply print it out and refer to it when needed.

What’s covered?

  • Acquirer indicators
  • Establishment of a new entity
  • Reverse acquisitions
  • Acquisition date indicators
  • Measuring cost
  • Assets held for sale
  • Non-controlling interest
  • Full goodwill method
  • Partial goodwill method
  • Negative goodwill (Bargain purchase)

What you get

  • Guide to Consolidated Journal Entries
  • Free Guide to Business Combinations
  • Two Consolidation Worksheets



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