In this lesson, we explain what consolidated financial statement is and go through an example of a consolidated Statement of Financial Position when there is intra-group trading, impairment of goodwill and pre-acquisition profits / retained earnings. We show how to calculate intra-group trading and complete the consolidated balance sheet.
Time stamps:
00:00 Group financial statements explained
01:06 Why intra-group trading
04:16 Introduction to intra-group trading
08:23 Unrealized profits (Intra-group transactions) example 1
11:26 Intra-group transactions journal entry
12:02 Intra-group trading - Group Statement of Financial Position (Balance Sheet) Example 2
14:03 PPE - Group Statement of Financial Position (Balance Sheet)
14:40 Goodwill formula - Group Statement of Financial Position (Balance Sheet)
16:06 Group Current Assets - Group Statement of Financial Position (Balance Sheet)
19:46 Group Retained Earnings - Group Statement of Financial Position (Balance Sheet)
21:33 Group Current Liabilities - Group Statement of Financial Position (Balance Sheet)
Lesson 1: Consolidated Statement of Financial Position (Balance Sheet) | Explained with Example: • Consolidated Statement of Financial P...
Lesson 2: Consolidated Statement of Financial Position | Goodwill & Pre-Acquisition Retained Earnings: • Goodwill & Pre-Acquisition Profits | ...
Lesson 4: Non Controlling Interest | Consolidated Statement of Financial Position EXAMPLE: • Non Controlling Interest | Consolidat...
Consolidated Statement of Profit or Loss | Intra-Group Trading: • Consolidated Statement of Profit or L...
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