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