BU457- Midterm Exam Guide - Comprehensive Notes for the exam ( 129 pages long!)
Document Summary
The role of accounting research: there are two complementary ways to view the role of research, consider its effects on accounting practice, improving our understanding of the accounting environment. Equity method recording of an investment in. + income earned as a % of parent ownership. Dividends as a % of parent ownership. Acquisition differential amortization as a % of. Dividend income from subsidiary as a % of parent. Ni of the subsidiary * nci ownership % Nci [% of nci * (ni subsidiary amort. of acq. Fs: testing goodwill and other assets for impairment, before july 1, 2001, canadian gaap required goodwill to be amortized over its useful life, which was not to exceed. 40 years: ias36: an asset, group of assets, or cgu should be written down (ie: impaired) if the . Performance of asset is worse: step 2: determine recoverable amount and compare it to the carrying amount. If r > ca = no impairment report at the.
