Acquisition accounting: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update for FRS 102.) |
imported>Doug Williamson (Internationalise.) |
||
| Line 9: | Line 9: | ||
Relevant accounting standards include IFRS 3 and Section 9 and Section 19 of FRS 102. | |||
Revision as of 10:11, 6 November 2015
Financial reporting.
Acquisition accounting is the generally accepted method of financial accounting for subsidiaries.
Acquisition accounting regards the combination of the holding company and the subsidiary as being the acquisition by one company of another. The difference between the fair value of the consideration given and the fair values of the entity acquired is accounted for as goodwill.
Also known as full consolidation.
Relevant accounting standards include IFRS 3 and Section 9 and Section 19 of FRS 102.
