Consolidated Balance Sheet | Elimination of Investment |Advanced Accounting |CPA Exam FAR | Ch 3 P 2 financial accounting chapter 3

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IN this session, I explain the consolidated balance sheet. A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with no distinctions on which items belong to which companies.vA consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document. Farhat Accounting Lectures help you understand the consolidated balance sheet.

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions.
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Accounting for stock acquisitions, parent, subsidiary, noncontrolling interest, elimination entries
goodwill impairment, advanced accounting, asset acquisition, stock acquisition, mergers, consolidations, acquisitions, consolidated financial statements, acquirer, acquiree, Investment in Subsidiary, CPA exam,
Variable interest entity, Enron, special purpose entity .

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Consolidated Balance Sheet | Elimination of Investment |Advanced Accounting |CPA Exam FAR | Ch 3 P 2

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Consolidated Balance Sheet | Elimination of Investment |Advanced Accounting |CPA Exam FAR | Ch 3 P 2
financial accounting chapter 3
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31 comments

Feruz Ahmed 24/09/2021 - 10:22 Chiều

Even though I get my self distracted a little bit, but I love the shark tank show!
I wish I new it existe a long time ago.
Thanks M.r Farhat!

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A 24/09/2021 - 10:22 Chiều

This is so great, thank you Farhat

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Shubhendu Kumar 24/09/2021 - 10:22 Chiều

I humble request you sir please upload the link of presentation you use during class in comment section

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blake sutcliffe 24/09/2021 - 10:22 Chiều

Thanks Professor. we only consolidate when the parent owns over 50%?

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CJ 24/09/2021 - 10:22 Chiều

The best!!!!

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Christine chua 24/09/2021 - 10:22 Chiều

Hello Farhat, your lectures are really helpful. But I have a question: for case 1(a) P company make the JE: DR investment in S 160,000 CR cash 160,000, then S company would make the JE: DR cash 160,000 CR common stock 160,000 Right? However, it seems that the S balance sheet doesn't include the cash and common stock 160,000. could you explain a bit?

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Ravi Agarwal 24/09/2021 - 10:22 Chiều

Hi Sir, Very thanks for the lectures. They are really helpful. Can you please let me know in case of partial goodwill method what goodwill (IV > FV) will be reported in parent books in case the IV(140) > FV(120) > BV(100) and there is NCI of 20% in the subsidiary and it is measured at fair value of identifiable net assets?

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Asen Andres 24/09/2021 - 10:22 Chiều

Thank you very much! This helped me a lot.

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Deepshikha gupta 24/09/2021 - 10:22 Chiều

Your lectures are sooo helpful! thankssss alot for making this complicated topic so understanble and easy to learn! Hope to see more n more videos from you! Ofcourse I am subscribing you!

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Ruaa B 24/09/2021 - 10:22 Chiều

Thank you professor.. But what if I have one parent company ant two subsidiaries, what am I supposed to do?

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Jetti SriHari Prasad 24/09/2021 - 10:22 Chiều

Very much useful. Thank you so much for the video

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ABBY O 24/09/2021 - 10:22 Chiều

You are my life savor!!!

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Ashikul Amin 24/09/2021 - 10:22 Chiều

How can I download the slide that you use in the lecture. Please, give me the link!

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Matthew K 24/09/2021 - 10:22 Chiều

To ANYONE that BENEFITS from these lectures that Professor Farhat creates I wonder if you would consider making a donation to allow him to create more great content! He truly is NOT doing it for financial gain but does it for the love of teaching and accounting. That is not to say that he wouldn't appreciate being compensated for the time he put into making the videos and at the very least he should not have to "foot the bill" for the website, hardware, and software costs that he no undoubtedly incurs to create this outstanding content. I know it's easy to find a video on YouTube and NOT even think about the content creator and the costs they incur to make it available to everyone for free! He has never asked for donations and never would so please consider making a donation. If each of his "YouTube students" donated $5, $10 or $20, it would go a long way in helping him do what he does BEST! Anyway, to use one of Professors Farhat's frequently used phrases: "THINK ABOUT IT!!!"………..he has given so generously we as students should give something back. There is a tab on his website: https://farhatlectures.com/ where you can make donations through PayPal.

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Mohamed Gaweesh 24/09/2021 - 10:22 Chiều

Thank you professor farhat ❤

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Marcus Ryan 24/09/2021 - 10:22 Chiều

Legendary! Thanks alot! 🙂

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Glenn Porter 24/09/2021 - 10:22 Chiều

God bless you sir! This is a goldmine video! I am still digesting this advanced accounting!

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Jewels ByFairy 24/09/2021 - 10:22 Chiều

Very very good lecture

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Chay Telay 24/09/2021 - 10:22 Chiều

Wow! Just wow! Thank you sire! You are indeed a blessing thank you so much!!! I can hardly believe that I was able to understand AFAR. I commend you for that. THUMBS UP!

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Jessica Stewart 24/09/2021 - 10:22 Chiều

thank you for such a thorough explanation

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Classy Lady 24/09/2021 - 10:22 Chiều

You are great. Thanks for help me through my accounting glasses

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Classy Lady 24/09/2021 - 10:22 Chiều

Where is chapter 3 part one. Thank you

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Somkid Mahakrittiyathon 24/09/2021 - 10:22 Chiều

Nice and clear with value presentation. It made me understand very well. Thank you so much for your sharing presentation.

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Manifest Truth 24/09/2021 - 10:22 Chiều

I have another question. In stock acquisitions, why are acquiring companies just interested in the fair net worth (FV of net identifiable assets) of the acquiree?

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Neha Bhargava 24/09/2021 - 10:22 Chiều

excellent video prof!

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F B 24/09/2021 - 10:22 Chiều

Professor, is it optional for companies to report land at Historical cost under US GAAP? Also, companies that adopt IFRS, must they too report Land in historical cost or can they choose to report at fair value?

p.s amazing job.

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Ariana MM 24/09/2021 - 10:22 Chiều

Thank you Ustod – Farhat! Currently, i am preparing for my FAR exam and your lectures are very useful!

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hello 24/09/2021 - 10:22 Chiều

preparing for my interview with the finance officer on consolidation. thanks for this i remembered everything! keep up the good work!

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T Brennan 24/09/2021 - 10:22 Chiều

Thank you Dr. Farhat

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Jennifer 24/09/2021 - 10:22 Chiều

Professor Farhat for president! Thank you for all of these helpful lectures. Subscribed.

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Jesse N 24/09/2021 - 10:22 Chiều

who knew I'd be well out of school and coming back to this, thanks for the lessons, great reminder and very easily understood!

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