Excellent and efficient example of covering consolidated accounting. I understood the basics of the topic by looking at it once. I now know what consolidated accounting is, whatit is used for, why it is used, and how it is done (at least the basic jist of it) without reading a bulky textbook for hours and still not have an idea on what I am doing. Thank you so much Silvia!!!!!!
Hi Silvia, Its good to know this topic through your demonstration and explanations. For sure this topic is really confusing for me in terms of applying the steps in various problems.Thank you and kind regards!!!
Silvia can you please tell me whether all this Identifiable net assets,Goodwill,NCI will come in Consolidated Financial statements of Parent entity right?.will there be any journal entries in separate financial statements
Hi, i am little confused by example set up here. You said Mommy acquired baby at time of incorporation which seems to be well before Dec 31, 20x4. My query is if Mommy acquired 80% of baby, then why as of Dec 31, 2004 - its showing as an investment ?? You mean mommy used equity method to originally account for 80% purchase ?
Hello Silvia ,it is nice and brief demonstration,but i wonder what we will do while we consolidate foreign branches to the parent company currency ,or do you have any video related with that
Hi Silvia, the video assumed that the two entities are with the same currencies. I remember from your other video, you mentioned that if they are in different currencies, then the cash flow statement should be separated. As cashflow comes from the movement in BS and PL, if we separate the parent and sub on the cash flow basis, does it mean after the consolidated BS is done, we need to exclude those subs with difference currencies so the movement of the cash flow only reflects the parent?
If a company X has a subsidiary Y (67% shareholding) and the company Y has joint venture with company Z(50%) Now what should company X account for JV- 67%*50%=33% (or) 50%? Pl provide the relevant IFRS example
shreya jeloka For example - share premium, revaluation surplus, hedging reserve... anything that is recognized directly in equity in line with the other standard.
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10 years in and still as valuable as ever
Excellent and efficient example of covering consolidated accounting. I understood the basics of the topic by looking at it once. I now know what consolidated accounting is, whatit is used for, why it is used, and how it is done (at least the basic jist of it) without reading a bulky textbook for hours and still not have an idea on what I am doing. Thank you so much Silvia!!!!!!
Hi Silvia, Its good to know this topic through your demonstration and explanations. For sure this topic is really confusing for me in terms of applying the steps in various problems.Thank you and kind regards!!!
Silvia is a teacher from God!
Explain in such a wonderful and easy way!! Love it!!
Hi Silvia, thank you very much for your wonderful way of making things simple. Great example!!! Thank you so much. :)
Simple, yet very logical and straight forward.
Thanks Silvia. Again a wonderful learning.
yes so simple and staight forward , pls lets have some more full question on this topic.
thanks
well explained, summed up and clear... 👌
HOW DO U DEAL WITH DIFFERED TAX OF ARISING ON FV DUE TO ACQUISITION OF SUB AND DISPOSAL OF THAT FV ON DISPOSAL
it is good to draw the various columns so that oyu are clear on what changes are going where
Silvia , you show a different way how to consolidate , I LIKE YOUR VIDEOS ,
how to consolidation statement of profit or loss? Please
Miss...why you so genius?
Not genius, just totally love to teach :)
Hello Silvia,
Great work.
Can you share the link to download this excel file for practicing
Thank you
thank you silvia ,your ifrsbox is just awesome as well as your explanation
Silvia can you please tell me whether all this Identifiable net assets,Goodwill,NCI will come in Consolidated Financial statements of Parent entity right?.will there be any journal entries in separate financial statements
Hi, i am little confused by example set up here. You said Mommy acquired baby at time of incorporation which seems to be well before Dec 31, 20x4. My query is if Mommy acquired 80% of baby, then why as of Dec 31, 2004 - its showing as an investment ??
You mean mommy used equity method to originally account for 80% purchase ?
Excellent video. I've recommended it to my classmates. Thks
Fantastic video. Thanks for teaching.
Simple. Straight-forward. Boom!
it is nice to take guide from you....Thank you Silvia M. (of IFRSbox) ,thanks youtube
What would the case be if it was pre acquisition instead of post acquisition?
great video. thank you.
Hi Silvia , do you think , you can share this spread sheet with us ?
Hello Silvia, Your Explanation are Simply Superb and Crystal Clear Voice, Thanks you and your Technical Team....
Perfect job!
Hello Silvia ,it is nice and brief demonstration,but i wonder what we will do while we consolidate foreign branches to the parent company currency ,or do you have any video related with that
So simple to understand
Could you please explain how to prepare detailed monthly consolidation accounts in excel templates? BS, PNL and CF is easy.
How would you consolidate this:
A holds 75% in B, and 10% in C; while B also holds 60% in C?
Hi Silvia, the video assumed that the two entities are with the same currencies. I remember from your other video, you mentioned that if they are in different currencies, then the cash flow statement should be separated. As cashflow comes from the movement in BS and PL, if we separate the parent and sub on the cash flow basis, does it mean after the consolidated BS is done, we need to exclude those subs with difference currencies so the movement of the cash flow only reflects the parent?
Hi Rudy, thank you, but that's not exactly what I said. Please find more here: www.cpdbox.com/consolidated-cash-flows-foreign-currencies/
Could I have the excel file for this example?
Hi Silvia, throw some light on Income Statement consolidation also
Ndemeke.
Thanks my dear sister I got many thing which i fail to understand in the class
Fair value can you please explain that
May God bless you.Excellent one.
If a company X has a subsidiary Y (67% shareholding) and the company Y has joint venture with company Z(50%)
Now what should company X account for JV- 67%*50%=33% (or) 50%?
Pl provide the relevant IFRS example
Great. Very well explained
thanks for shared. you are amazing. 🇧🇷
it was so useful thanks alot.
Sylvia I have been emailing you but no response, I want to know whether one can pay off the IFRS kit course in installments?
Hi Ramona, I did reply to you. Please check your spam folder. Thank you.
hello silvia can you please explain me what is the meaning of other components of equity? please . thank you
shreya jeloka For example - share premium, revaluation surplus, hedging reserve... anything that is recognized directly in equity in line with the other standard.
simple and understandable. thx
That was amazing
Thank you
Thanks that best explain
Thank for explain
Thank you so much, this made many things clear
thanks!
Thank you very much
Why the equity is minus?
becase asset is + and hence equity is -. Gosh you are so stupid, karen.
NCA Transfer please!
Great stuff, Silvia! Thanks.
Btw, do I hear a slight Russian accent?
No, not Russian.
Gud evening maam silvia can i request for a video for branch and agency accounting as well as deffred taxes thank you:)
PMSc6C was here
Sure would've been nice for my professional body to actually TEACH me this instead of just expecting me to be able to do it on exam day huh.
Then I am happy to help your professional body here on YT :) good luck with your exams!
SALVIA DARLING CAN YOU SEND ME THE COPY OF THIS EXCEL WORKSHEET.......................UMMMMMMMMMMMMM
+Rizwan Nasir Hi Rizwan, you can find it on my website. S.