AFA_Lec_45 - Advanced Financial Accounting Lec-45 Main...

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Advanced Financial Accounting Lec-45 Main Ahmad Farhan
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Working-1 Holding % = No. of ordinary shares of S Co. acquired by P Co . Total No. of shares of ordinary shares in S Co. Minority % = 100% - Holding % X 100
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Working-2 Cost of investment xxx Less Fair value of net assets of subsidiary Co. accrued by P Co. xxx xxx
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Fair Value This is the value at which assets can be exchanged and liabilities can be settled between two knowledgeable willing in an arms length transactions.
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Working-2 Cost of investment xxx Less Fair value of net assets of subsidiary Co. accrued by P Co . Net assets xxx +/- Fair value adjustment xxx xxx Fair value of net assets of subsidiary Co. x Holding % xxx Goodwill xxx
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Working-3 Pre- acquisition Post- acquisition Ordinary share capital All --- Reserves On the date of acquisition After the date of acquisition Fair value of adjustment All --- Total xxx Xxx Holding % of total Parent’s share Parent’s share Minority % of total Minority share Minority share
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Working-3 Cost of investment in S Co. xxx
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This note was uploaded on 05/15/2010 for the course ACCOUNTING B97702031 taught by Professor Lyz during the Spring '09 term at Punjab Engineering College.

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AFA_Lec_45 - Advanced Financial Accounting Lec-45 Main...

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