Theobjective of this course is to facilitate an understanding of the technicalprocedures underlying consolidation and group financial statements under ChinaAccounting Standards for Enterprises. This course integrates technical procedures,theoretical debates of consolidation and group financial statements, andcurrent taxation practices. It discusses the complex real economic business ofmergers and acquisitions in capital market practices to train the appliedinterdisciplinary talents aimed at the following aspects:

Knowledge and understanding

1.       Definemergers and acquisitions.

2.       Definethe term ‘control’ for determining a parent-subsidiary relationship, and describethe concepts of consolidation according to CAS33 Consolidated FinancialStatements.

3.       Explainthe differences in business combination under the same control and businesscombination not under the same control, and their different accountingtechniques according to CAS20 Business Combination.

4.       Describethe nature of the consolidated financial statements, and the differences in thetreatment of minority interests according to the different consolidationtheories.

5.       Understandingthe same results of the consolidation cancellation based on “the cost approach”and “the equity approach” of the long-term equity investment.

Skill andability to

6.       Completethe fundamental procedures of the consolidated financial statements preparationon/after the consolidation day, for business combination under the same controland business combination under not the same control, based on “the costapproach” and “the equity approach” of the long-term equity investment.

7.       Completethe comprehensive procedures of the consolidated financial statementspreparation(long-term equity investment with other intra-group transactions)on/after the consolidation day, under the same control and not under the samecontrol, based on “the cost approach” and” the equity approach” of thelong-term equity investment.

Further Studying: