Guide to Consolidation Journal Entries

This is a 12 page, step by step guide to help you approach a consolidation question in your accounting exam.

Areas covered:
1. Goodwill calculations
2. Basic journal entries at acquisition
3. Journal entries for subsequent years
4. Fair value adjustments
5. Inventory adjustments (URP)
6. Intra-group transfer of assets
7. Dividend elimination
8. Other intra-group eliminations

Also contains two consolidation worksheets (SOCI and SOFP)

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Please note: Guide excludes deferred tax implications upon consolidation.
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