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10 Cards in this Set
- Front
- Back
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1st step
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Fair value adjustment
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2nd step
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Eliminate investment against pre acquisition equity
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3rd step
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Extra depreciation on revalued asset
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4th step
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Tax effect on extra depreciation
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5th Step
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Intragroup sale of assets (non depreciable/ depreciable)
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6th Step
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Unrealized profit from opening inventory
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7th step
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intra group inventory sale
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8th step
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-Reverse transfer out of pre acquisition retained earnings
-Reverse management fee -Reverse inter-entity loans |
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9th step
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any Impairment of goodwill?
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10th step
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-Eliminate dividend paid (from revenue)
-Eliminate dividend declared (from revenue) -Eliminate receivable/payable on dividend declared |
