Financial statements consolidation | Accounting homework help

 Please understand project in full.

The purpose of this Key Assignment is to get familiar with annual reports and to understand the financial implications of the following:

  • Equity method of accounting versus consolidation
  • Reporting of investments based on cost/equity
  • Goodwill reporting
  • Intercompany and intracompany transactions

Access the company’s Web page on the Internet to read its most recent annual report. The annual report is typically found in an “Investor Relations” or “Company Information” section within the company’s Web site. If the company does not provide a full annual report, select another company for your project. Verify that the full annual report includes the following:

  • A letter or report to shareholders from the president of the company
  • A section providing management’s discussion and analysis of the business
  • A report from the auditor
  • The company’s financial statements
  • Supplemental notes to the financial statements

Once you have found a full annual report, complete each part of the assignment. 

Please cover all of the items listed in the questions below. You can select more than 1 company if your chosen company does not have all the items listed below.

Using the financial statements of your company (or companies), write a 1,000–1,500 word paper that addresses the following questions: 

  • What GAAP principles govern the consolidation of financial statements? 
    • How are consolidated and equity methods of accounting different?
  • What investments has the company made in affiliated companies? Examine its footnotes. 
    • Comment on the accounting for investments in affiliated companies after looking at the footnotes. 
    • List the investments it has. 
    • Does it use cost basis or equity method of accounting, or both?
    • When do you use the equity method of accounting?
  • Goodwill is the difference between the acquired assets and acquired liabilities. 
    • (Find a company that has goodwill). Examine the balance sheet and the footnotes. What is the goodwill related to?
    • What FASB covers the reporting and accounting of goodwill?
    • What is the difference between old goodwill reporting and new goodwill reporting? 

Please use the Attached Financial Report

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency