Advanced accounting

Consolidation Worksheet Entries

By hjbeltran22

  • Fairvalue allocation

    Fairvalue - Bookvalue = Excess fairvalue over bookvalue - allocation to specific accounts = Goodwill

  • Entry S

    eliminate the subsidiary's stockholders' equity accounts as of the beginning of the current year along with the equivalent book vale component within the parent's investment account.

  • Entry A

    recognizes the unamortized allocations as of the beginning of the current year associated with the original adjustments to fair value

  • Entry I

    eliminates the impact of intra-entity subsidiary income accrued by the parent

  • Entry D

    eliminates the impact of intra-entity subsidiary dividends

  • Entry E

    recognizes excess amortization expenses for the current period on the allocations from the original adjustments to fair value