Task:
Learning Outcomes
This assessment addresses the following subject learning outcomes:
a) Prepare consolidated financial statements and related accounting entries for incorporated entities.
b) Generate and communicate strategic recommendations in various inter-entity relationship scenarios with reference to relevant accounting standards
Part A Practical Problem Solving
a) Prepare the journal entries for Antara Ltd at 30 June 2020 to account for its investment in Blanca Ltd, assuming Antara Ltd prepares consolidated financial statements.
b) Prepare the consolidated statement of profit or loss and other comprehensive income for Antara Ltd for the year ended at 30 June 2020, assuming this statement includes Blanca Ltd’s financial results.
Part B Recommendations
Prepare a report explaining and making recommendations on the financial reporting issues below.
a) The impact of change to preparing consolidated financial statements on Antara Ltd’s disclosure of financial information.
Your response should include:
1. How dividends paid by Blanca Ltd are accounted for using the equity method of accounting.
2. How dividends are disclosed in Antara Ltd’s relevant financial statement.
The post ACCT6005 Company Accounting appeared first on My Assignment Online.