Good luck everyone

Hi all

Good luck for your exam results for next week - I have everything crossed for you all!

Iwi

Simple consolidation 3/02/10 and 10/02/10

Today we are going to look at consolidated accounts - AS you know from last week - We are required to produce signle entity accounts where one company controls another (against legal form principle but in line with reporting requirements - single entity concept)

I will take you through the 5 steps of consolidation that you will need to be able to do for your exam and explain the terminology and rationale for the steps.

Lecture notes are here:

http://www.scribd.com/full/26296753?access_key=key-23evrwe0u9l7b0d967qb


We will do x2 short activities involving creating a group SOFP based on 100% control and less than 100% control as I am told some of you want to go and watch an important Leeds United match today!

See you in class

Class - 20th January 2010 - Intro to Consolidated accounts

Hi all

Today we are going to be doing a cash flow statement question where you have to reconcile operating cash flows - I have come across a question where you have to analyse changes to operating cash flows by looking at the reconcilation of operating cash flows, so we will be doing that next week as a discursive question.

I am going to do a very gentle start of consolidated accounts today - we are going to do some easy stuff - just go over what it means and what some of the accounting treatments are in accordance with IAS 27 and IFR 3. The focus will be on calculating goodwill and what this means.

Lecture notes are here:

http://www.scribd.com/doc/25465335


If we have time - we will do a short quiz on calculating goodwill - bring your thinking caps!

See you tonight!

Iwi

12th January 2010 - Cashflow Statement

We are doing Cash flow today - I havent been able to save the lecture slides onto a memory stick for some reason - so will use some lecture notes I have used for Leeds business school.

We will wirk through an example together today and then do one out of the book

What you need to remember is that the CF is not prepared in accordance with the accruals concept and is on a CASH basis- the format follows IAS 7 and shows stakeholders where cash has come from during the year from different parts of the business.

https://netstorage.leedsmet.ac.uk/oneNet/NetStorage/DriveP%40PERSONAL/Lecturing%20materials/Semester%201/Managing%20Financial%20Resources/Lectures/lecture%204.ppt#3

See you in class!