Purpose: This assessment is designed to allow students to research and analyze accounting standards and interpret how they apply to various corporate groups. It enables students to identify and solve...

Purpose: This assessment is designed to allow students to research and analyze accounting standards and interpret how they apply to various corporate groups. It enables students to identify and solve problems relating to accounting for consolidated groups. It allows students to communicate the financial affairs of a company to financial report users. This relates to learning outcomes a, b and c.
Value: 30% Due Date: Week 10 - Friday 8.00 pm. Submission: Soft copy uploaded to Moodle via KOI's Moodle subject homepage. Topic: Consolidated worksheet, consolidated financial statements, concept of realisation. Task Details: On 1 July 2019, Gilberts Ltd acquired all the issued shares (aim div.) of Potoroo Ltd for $50 000. At this date the equity of Potoroo Ltd consisted of: