Consolidation Procedures at the Date of Acqusition Under Consolidated Financial Statements Standard
Journal Title: Muhasebe ve Finansman Dergisi - Year 2016, Vol 18, Issue 69
Abstract
According to TFRS 10 Consolidated Financial Statements, a parent company consolidates a subsidiary from the date on which the parent company first obtains control, and continues consolidating that subsidiary until the date on which control is lost. TFRS 10 includes guidance on how to determine the level of control over the subsidiary, on the other hand also includes consolidation procedures that should be adopted on and after the date of acquisition. TFRS 10 refers to TFRS 3 Business Combinations for measuring goodwill and noncontrolling interests at the date of acquisition. The aim of this study is to examine the consolidation procedures at the date of acquisition and compare the methods that could be applied for calculating goodwill and non controlling interests at the date of acquisition according to accounting standards.
Authors and Affiliations
Aylin POROY ARSOY
Keywords
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