Consolidated Statement of Financial Position (Balance Sheet) | Wholly-Owned | FULL EXAMPLE

In this lesson, we explain what consolidated financial statement is and why it is done. We also go through a simple example of a consolidated Statement of Financial Position (Balance Sheet) with a Wholly-Owned subsidiary.
Lesson 2: Consolidated Statement of Financial Position | Goodwill & Pre-Acquisition Retained Earnings: • Goodwill & Pre-Acquisi...
Lesson 3: Intra-Group Trading | Consolidated Statement of Financial Position Examples |Wholly-owned subsidiary: • Intra-Group Trading | ...
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[@seraphenem5329]

Thank you for explaining this. Sometimes the textbooks have a very roundabout way of explaining simple concepts, making things more complicated. You helped me pass my exams :)

[@aaroacademy]

Thank you, this lesson is very valuable!

[@ViciousBlaCc]

Briefly explained ❤

[@annahkgagamedi624]

simply explained

[@sibonokuhlesokhulu603]

Omg thank you so much😩😩😩😊 I understand

[@kamohelomaleke9390]

Thank you so much 💯🙏

[@Pipe-organ-recordings]

Really good thanks

[@alegiancemahole6204]

You making Accounting science easier❤

[@benronnie8648]

instablaster.

[@christinechristie2532]

Hello what do you do with tax under the liabilities do you add it like payables or subtract

[@FluffyMariam]

Thanks

[@melodydeng6599]

lifesaver！！！

[@thyabanisonkuna120]

Thanks 😊

[@kiharawatiri3849]

am wondering for the non currents assests how did it end up to 90000

[@joemob1263]

Thanks a lot for the video. I wonder to know why it seems to me that you pay to acquire the subsidiary less than what it is really worth. The subsidiary has retained earning of 14000. I assume that the retained earnings of the subsidiary must be canceled out. May you pls explain this?

[@jorgeblitz2440]

The company was owned from day 1 of subs opperations. Therefore they had no retained earnings when purchased.

[@charleswamuz5265]

I want a trial balance

[@user-iq6df3ur2k]

I have an Exam in 1hr and i dont have any idea of What this Gentelemen is Talking please pray for me

[@anisahussein2056]

❤❤😍😍😍😍