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Accounting For Business Combination

This document provides information about the ACCT 131 course "Accounting for Business Combination" at MSU Main. The course covers topics such as consolidation and mergers, parent-subsidiary relationships, consolidated financial statements, accounting for changes in foreign exchange rates, debt restructuring, accounting for financially distressed corporations, and accounting for corporate liquidation. The course aims to help students identify and apply recognition, valuation, and measurement principles for special accounting problems, prepare journal entries and financial statements for entities with special accounting situations, and comply with relevant accounting standards.

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65 views1 page

Accounting For Business Combination

This document provides information about the ACCT 131 course "Accounting for Business Combination" at MSU Main. The course covers topics such as consolidation and mergers, parent-subsidiary relationships, consolidated financial statements, accounting for changes in foreign exchange rates, debt restructuring, accounting for financially distressed corporations, and accounting for corporate liquidation. The course aims to help students identify and apply recognition, valuation, and measurement principles for special accounting problems, prepare journal entries and financial statements for entities with special accounting situations, and comply with relevant accounting standards.

Uploaded by

Almidah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ACCT 131:

Accounting for Business Combination


Course Topics
Prof. Abdulmojeb A. Pangompig, CPA, REB, MIFP, JD
abdulmojeb.pangompig@msumain.edu.ph
Accounting for
Business
Course Description Combination
This course is a continuation of Advanced
Financial Accounting and Reporting, Part I.
it deals mainly with consolidation and
mergers, parent-subsidiary relationships,
Consolidated
and consolidated statements, including Financial
foreign subsidiaries. The other topics deal Statements
with accounting for the effects of changes
in foreign exchange rates and other similar
current issues. Also discussed are debt
restructuring, accounting for financially
distressed corporations, accounting for the Accounting for
winding up of an enterprise and accounting FOREX
variations among countries.

Learning Outcomes Accounting for


After completing this course, you will be Corporate
able to
Identify the recognition, valuation and Liquidation
measurement principles applicable for
special accounting problems.
Compute for the amounts to be presented
on the financial statements as assets,
liability, equity, income and expenses
arising from special accounting problems.
Prepare journal entries for special
accounting problems.
Prepare financial statements of entities with
special accounting problems.
Develop awareness of the importanceof
business combination as a way of business
survival.
Comply with accounting standards
pertaining to special accounting
problems.Explain the measurement,
Academic Year 2020–2021
First Semester

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