Purpose: This assessment is designed to allow students to research and analyse accounting standards and interpret how they apply to various corporate groups. It enables students to identify and solve problems relating to accounting for consolidated groups. It allows students to communicate the financial affairs of a company to financial report users. This relates to learning outcomes a, b and c.
Value: 30% Due Date: Week 10 - Friday 8.00 pm.
Submission: Soft copy uploaded to Moodle via KOI’s Moodle subject homepage.
Topic: Consolidated worksheet, consolidated financial statements
Task Details: On 1 July 2016, Rock Ltd acquired (ex div.) all of the issued capital of Wallaby Ltd. The recorded equity of Wallaby Ltd at this date consisted of: