Group Accounting参考.ppt

Group Accounting Syllabus D IFRS 3 Business Combinations IFRS10 Consolidated financial statements IAS 28 Investments in Associates Type of business combination Merger吸收合并 One company obtains the assets, and often the liabilities, of another company, which dissolves as a legal corporation. One company obtains the all capital stock of another company, which dissolves as a legal corporation and remains as a division of the acquirer. Consolidation新设合并 A newly created company receives either the assets or capital stock of two or more original companies which dissolve as legal corporations. Continued Acquisition控股合并 One company achieves legal control over another company which remains in existence as a legal corporation. Subsidiary: an enterprise that is controlled by another enterprise. Its financial records are not directly affected by the combination. Parent: an enterprise that has one or more subsidiaries. It establishes investment account to reflect the combination. Group A parent and all its subsidiaries. Parent and subsidiaries in a group are respectively separate legal entities while the group is a single economic unit. Though parent and subsidiaries in a group maintain their independent accounting records, consolidated financial statements of a group should be prepared at each reporting date after business combination to reflect the financial position, performance and cash flows of the group as a single economic unit. Substance over form is applied. 合并范围 Control is the sole basis for consolidation /p6 An investor controls an investee when the investor is exposed, or has rights, to variable returns from involvement with the investee and has the ability to affect those returns through its power over the investee. The power to govern the financial and operating policies of an enterprise so as to obtain benefits from its activities. Situations where control exists The parent owns, directly or indirectly through subsidiaries, more than 50% of the voting pow