Accounting-Theory Assignment

Based on the following Learning Outcomes:

1. Identify the major forms of a business and the accounting procedures for business combinations
2. Understand the nature of the Financial Accounting Standards Board's (FASB) Conceptual Framework, its components and how it relates to generating accounting standards
3. Be familiar with Pro Forma Statements and Disclosure Requirements for financial reporting Entities
4. Establish a basis and understanding of Consolidated Financial Statements and the difference between implied and book values.

A. Homework Requirements:

Choose any business merger combination case occurred in your knowledge, and answer these questions as a written paper:

• List the ownership percentages of your example, and what are the changes in; influence, control and investment value.
• Write briefly about GAAP and IERS, which standard your case depended on? and Proforma Statements and disclosure requirements for this financial reporting
• Proceed with the accounting procedures for this business combination including the goodwill.
• Elaborate about the financial reporting objectives and how it can help in your example?
• Outline the Consolidated Net Income of your example and analyse it briefly.
• Prepare the worksheet entries and the consolidated statements work paper of your example PLUS the differences between implied and book values.

B. Presentation Requirements:

You must be well acknowledged of your research paper and in front of your peers in the class- you must present your work and answer the questions.