Acquisition accounting: Difference between revisions
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''Financial reporting''. | ''Financial reporting''. | ||
Acquisition accounting is the generally accepted method of financial accounting for subsidiaries. | Acquisition accounting is the generally accepted method of financial accounting for subsidiaries. | ||
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Also known as full consolidation. | Also known as full consolidation. | ||
Relevant accounting standards include IFRS 3 and Section 9 and Section 19 of FRS 102. | |||
== See also == | == See also == | ||
* [[Accounting]] | |||
* [[Acquisition]] | * [[Acquisition]] | ||
* [[Consolidation]] | * [[Consolidation]] | ||
* [[FRS | * [[FRS 102]] | ||
* [[Goodwill]] | * [[Goodwill]] | ||
* [[IFRS 3]] | * [[IFRS 3]] | ||
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* [[Merger accounting]] | * [[Merger accounting]] | ||
* [[Subsidiary]] | * [[Subsidiary]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 23:48, 6 July 2022
Financial reporting.
Acquisition accounting is the generally accepted method of financial accounting for subsidiaries.
Acquisition accounting regards the combination of the holding company and the subsidiary as being the acquisition by one company of another. The difference between the fair value of the consideration given and the fair values of the entity acquired is accounted for as goodwill.
Also known as full consolidation.
Relevant accounting standards include IFRS 3 and Section 9 and Section 19 of FRS 102.
