goodwill
IFRS vs US GAAP: How NCI Measurement Differences Change Your Consolidated Balance Sheet
IFRS and US GAAP treat non-controlling interest measurement differently at acquisition date, and those differences compound across goodwill calculations, equity…
Losing Control of a Subsidiary: The Consolidation Accounting for Disposal Under IFRS 10
The group had owned 80% of DistributeCo for six years. DistributeCo’s revenue appeared in the consolidated income statement. Its assets…
Gaining Control in Stages: How to Account for a Step Acquisition Under IFRS 3
Three years ago, the group took a 30% stake in TechCo, a software business with strong growth potential. The investment…
Intragroup Restructuring: How to Account for Common Control Transactions When IFRS 3 Doesn’t Apply
David had been CFO of the retail group for four years when the board approved a restructuring. For commercial and…
Post-Acquisition Consolidation: The Fair Value Adjustments You Still Need to Make in Year Two — and Every Year After
Priya had been group controller for eight months when she inherited the consolidation working papers for TrainingCo, a subsidiary the…
AASB 112 Income Taxes in Group Consolidation: A Practical Guide for Australian Multi-Entity Groups
Chen is the finance director of a Sydney-based manufacturing group with four entities. Three years ago, the group formed a…
The Five Accounts That Only Exist in Your Consolidated Financial Statements
Tom has just been appointed CFO of an Australian professional services group with four entities. He’s a strong finance leader…
AASB 136 Goodwill Impairment Testing: A Practical Guide for Australian Multi-Entity Groups
Sarah took over as group financial controller for a Melbourne-based healthcare group fourteen months ago. Shortly after she started, she…
AASB 3 Business Combinations: A Practical Guide for Australian Multi-Entity Groups
When Sophie’s Melbourne-based consulting group acquired a smaller competitor for $2.8 million, the deal took six months of negotiation and…
US GAAP Business Combinations: A Practical Guide to ASC 805 for Multi-Entity Groups
The deal closed on 1 March. A US-based professional services group had acquired a 75% controlling stake in a regional…