2 Describe and apply the required accounting treatment of consolidated goodwill Explain why it is necessary to use fair values for the consideration of an ary toge 0 a subsidiary's identifiable eparing coe po on to e group acquisition profits,non-contr ts and co pre and post Explain and account for other reserves (eg share premium and revaluation reserves) .coun or thefecto frasme (inunh Account for the effects (in the financial statements)of intra- oun trading consolidated goodwill)to depreciating and non-depreciating non-current assets; inventory;monetary liabilities and assets and liabilities not included in the subsidiary's own statement of financial position,including contingent assets and liabilities 8. Account for good will impairment 9. 企业应自觉维护国家利益、社会利益、集体利益，提供会计报表要真实公允，体现 客观公正，遵纪守法、不能粉饰财务报表。 (二)教学内容 N Summary of consolidation procedures mar of cons procedures Goodwill Non-controlling interest at fair value Intra oup trad ing 10.编制集团合并资产负债表，整个集团作为 一个会计主体，要以真实发生的较易事项 作为编制报表的依据，因此要抵消抵消集团内部交易，对集团的资产负债情况进行如实 表达。践行“社会主义核心价值观”中公正和诚信理念，养成细心、责任、担当等良好 的职业素养和职业道德。 (三)思考与实践 1.How to compute goodwill when consolidated financial statements? 2.What entries are made in the workings to record the pre-acquisition profits of a subsidiary? 3.Describe the requirement of IFRS 3 in relation to the revaluation of a subsidiary company's assets to fair value at the acquisition date. 4.What guidelines are given by IFRS3 in relation to valuing land and buildings fairly? 10 10 2. Describe and apply the required accounting treatment of consolidated goodwill 3. Explain why it is necessary to use fair values for the consideration of an investment in a subsidiary together with the fair values of a subsidiary's identifiable assets and liabilities when preparing consolidated financial statements 4. Prepare a consolidated statement of financial position for a simple group (parent and one subsidiary) dealing with pre and post acquisition profits, non-controlling interests and consolidated goodwill 5. Explain and account for other reserves (eg share premium and revaluation reserves) 6. Account for the effects (in the financial statements) of intra-group trading 7. Account for the effects of fair value adjustments (including their effect on consolidated goodwill) to depreciating and non-depreciating non-current assets; inventory; monetary liabilities and assets and liabilities not included in the subsidiary's own statement of financial position, including contingent assets and liabilities 8. Account for goodwill impairment 9. 企业应自觉维护国家利益、社会利益、集体利益，提供会计报表要真实公允，体现 客观公正，遵纪守法、不能粉饰财务报表。 （二）教学内容 1. IFRS 10: Summary of consolidation procedures 2. Non-controlling interests 3. Dividends paid by a subsidiary 4. IFRS 10: Summary of consolidation procedures 5. Non-controlling interests 6. Dividends paid by a subsidiary 7. Goodwill arising on consolidation 8. Non-controlling interest at fair value 9. Intra-group trading 10. 编制集团合并资产负债表，整个集团作为一个会计主体，要以真实发生的交易事项 作为编制报表的依据，因此要抵消抵消集团内部交易，对集团的资产负债情况进行如实 表达。践行“社会主义核心价值观”中公正和诚信理念，养成细心、责任、担当等良好 的职业素养和职业道德。 （三）思考与实践 1.How to compute goodwill when consolidated financial statements? 2.What entries are made in the workings to record the pre-acquisition profits of a subsidiary? 3.Describe the requirement of IFRS 3 in relation to the revaluation of a subsidiary company’s assets to fair value at the acquisition date. 4.What guidelines are given by IFRS 3 in relation to valuing land and buildings fairly?