Scenario
The midsize manufacturing company for which you are the accounting advisor assessed the options you provided. The company has decided to purchase 100% ownership in an overseas subsidiary, as well as 75% ownership in a domestic subsidiary, which itself owns 10% of the parent company. Your company now needs to determine the steps involved in consolidating the financial statements and has asked for your input. Include an analysis of the steps required in translating foreign currency and the process of accounting for the connecting affiliation.
Directions
Create a PowerPoint presentation that the accounting manager can use to explain the consolidation process to the board of directors.
Specifically, you must address the following rubric criteria:
ACC 690 MODULE THREE POWERPOINT:
[TITLE]
[COMPLETE THIS TEMPLATE BY REPLACING THE BRACKETED TEXT WITH THE RELEVANT INFORMATION. REMOVE
THIS INSTRUCTION BEFORE SUBMITTING.]
[STUDENT NAME]
CONSOLIDATING THE FINANCIAL STATEMENTS
[Insert text]
CONNECTING AFFILIATION
[Insert text]
TEMPORAL AND CURRENT RATE METHODS
[Insert text]
ELIMINATING JOURNAL ENTRIES
[Insert text]
APA REFERENCES
[Insert text]
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Formatting
Title Page
Citation
Outline
