Mariz friend. Ito ha, tinype ko nlang ung notes sa AdvAcc hehe.

Prof. Grace Manalo

Class Requirements
1.

1/8 index card ( yellow)

Surname
Section

7:30-10:30

Advance accounting part 2

2. Notebook (12, 14, 16 column kahit ano dyan.)
3. Book advance accounting part 2 by prof. baysa

Subject coverage
1. Business Combination
2. Consolidated Financial statements (PFRS 10 and PAS 27)
Midterm
3. Accounting for financially distressed
4. Foreign currency

Lesson :
Business combination (PFRS 3)
1. Control
2. Acquiring business set of activities
3. Acquirer magcocontrol (dapat isa lang )
A+B= A/B
A+B=c

- statutory merger business combination

- statutory consolidation

Exception:
1. Joint venture- PFRS 11 may hatian ng control
2. Hnd business and inacquire asset acquisition
3. Combination under common control (hindi ko mlagay ung figure eh ) tignan
mo nalng next time

4. Investment @ F.V

How to acquire control

1. Asset acquisition net asset acquisition binili lahat ng asset and liabilities
2. Stock acquisition controlling interest ownership: there is parent
subsidiary relationship
Acquisition method Purchase Method
1. Identify the acquirer
2. Determination of acquisition date
3. Recognition and measurement of assets acquired, liabilities assumed and any
non controlling interest stock acquisition
4. Recognition and measurements of goodwill/gain