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ACCT209 Corporate Accounting Assignment

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ACCT209 Corporate Accounting Assignment

Question

Answered

Task:

What are the types of employability skills that I will acquire upon completion of this assessment?

Context

This assignment provides students’ opportunities to apply knowledge of accounting for combination of corporate entities in preparation of consolidation under Australian regulatory framework. 

Structure

You are required to address the following questions/ issues in your group report,

A) Prepare the acquisition analysis as at 30 June 2020. 

B) Provide all journal entries (as shown below) necessary to consolidate the Apple Group for the year ended 30 June 2020.

(1) journal to eliminate the investment in subsidiary at 30 June 2020 

(2) journal to record Business Combination Valuation Reserve or fair value adjustment

(3) consolidation worksheet journal entries to eliminate the effects of intragroup transactions at 30 June 2020 

C) Complete the consolidation worksheet for the preparation of the consolidated financial statements for the period ended 30 June 2020. (20%)

D) Prepare the consolidated statement of profit or loss and the consolidated Statement of Financial Position for Apple Limited and its subsidiary, at 30 June 2020.

ACCT209 Corporate Accounting Assignment

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