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    ACYAVA 2 Formula Sheet

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    N S
    The document appears to be financial reporting information for consolidated financial statements. It includes items such as reported sales, costs of goods sold, intercompany transactions, profits/losses, depreciation, expenses, net income, assets/liabilities, dividends, and beginning and ending balances for retained earnings and net income. It provides consolidated income statements, balance sheets, and statements of changes in equity for a parent company and its subsidiaries.

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    ACYAVA 2 Formula Sheet

    Uploaded by

    N S
    96 views13 pages
    The document appears to be financial reporting information for consolidated financial statements. It includes items such as reported sales, costs of goods sold, intercompany transactions, profits/losses, depreciation, expenses, net income, assets/liabilities, dividends, and beginning and ending balances for retained earnings and net income. It provides consolidated income statements, balance sheets, and statements of changes in equity for a parent company and its subsidiaries.

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    The document appears to be financial reporting information for consolidated financial statements. It includes items such as reported sales, costs of goods sold, intercompany transactions, profits/losses, depreciation, expenses, net income, assets/liabilities, dividends, and beginning and ending balances for retained earnings and net income. It provides consolidated income statements, balance sheets, and statements of changes in equity for a parent company and its subsidiaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    96 views13 pages

    ACYAVA 2 Formula Sheet

    Uploaded by

    N S
    The document appears to be financial reporting information for consolidated financial statements. It includes items such as reported sales, costs of goods sold, intercompany transactions, profits/losses, depreciation, expenses, net income, assets/liabilities, dividends, and beginning and ending balances for retained earnings and net income. It provides consolidated income statements, balance sheets, and statements of changes in equity for a parent company and its subsidiaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    External Sales xxx Reported

    Reported COGS xxx Intercompany Sales/Purchases


    Intercompany Sales (xxx) Intercompany Profits
    BI profit (xxx) Intercompany Dividends
    EI profit xxx M2M of Assets/Liabilities of Sub AT ACQUISITION DATE
    M2M Depreciation (xxx) CONSOLIDATED
    Expenses (xxx)
    CONSOLIDATED NI xxx

    Reported NI xxx
    BI profit (xxx)
    EI profit xxx
    M2M Depreciation (xxx)
    CONSOLIDATED NI xxx

    Group RE; 1/1/20x1 xxx M2M:


    Share of Majority in CNI xxx Depreciation (IS)
    COGS or
    Dividends Declared by Parent (xxx) Intecompany
    CONSOLIDATED RE (12/31/20x1) xxx Transactions

    Group RE; 1/1/20x1 xxx


    Net Income Reported by Parent xxx
    Share in Net Income of Sub xxx
    Share in Depreciation Adjustment of S (xxx)
    Dividend Income from Sub (xxx)
    CONSOLIDATED RE (12/31/20x1)

    NCI; 1/1/20x1 xxx


    Share of Minority Interest in NI of Sub xxx
    Share in Depreciation (xxx)
    NCI (12/31/20x1) xxx

    Recorded as Pro
    Selling Price Purchase Cost Profit Realized (S
    P2S xxx xxx xxx xxx
    S2P xxx xxx xxx xxx
    Treated as: Income
    Presentation in Balance Sheet Beginning
    Adjustment in COGS (xxx)
    Beginning Inventory

    Ending/ Unsold Inventory


    (Balance Sheet)

    useful life is 5 years


    Subsidiary Parent
    100K 150K

    qq
    July 1,20x1

    IS Sub Gain of 50K


    BS Parent CA at 150K
    IS Parent Depreciated at 150K

    Gain 50,000
    PPE

    Ovestataed Depreciable Cost


    Depreciation

    Dec 31 20x1

    HOCA; beg xx
    Shipments from HO xx
    Investments from HO xx
    Share in NI (HO) xx
    Return of Investments to HO (xx)
    HOCA;end xx

    IB;beg xx
    Shipments to B xx
    Investments on B xx
    Shrare in NI of B xx
    Return of Investments (Dividends) fr (xx)
    IB;end xx

    Inventory (HO);beg xx
    Purchases xx
    Shipments to B (xx)
    Ending Inventory (xx)
    COGS (HO) xx

    Inventory SBHO (B); beg xx


    Shipments from HO xx
    Ending Inventory SB HO (xx)
    COGS(SBHO) xx

    Profit Purchase Cost


    Inventory SBOS (B); beg xx
    Purchases xx
    Ending Inventory SBOS (xx) xx xx CBS
    COGS (SBOS) xx xx xx CIS

    Sales xx
    COGS-SBHO (xx)
    COGS-SBOS (xx)
    OPEX (xx)
    NET INCOME-B xx
    Profit from Goods Sold xx
    True Net Income xx

    Foreign Currency USD,RMB,EUR,JPY,GBP


    Local Currency PHP

    Filipino A
    m
    eri
    ca Transactions
    n
    A
    m
    eri
    ca
    n
    100,000 USD

    Functional Currency: PHP

    Filipino
    PHP

    Preparation of FS

    UK GBP

    Presentation Currency FS

    MAJORITY PLUS MINORITY=FV OF COMPANY s

    FULL GROSS UP GOODWILL

    PROPORTIONATE SHARE

    FV OF THE NET IDENTIFIABLE ASSETS


    AT ACQUISITION DATE

    M2M: Entity Net Income


    Depreciation (IS) (Book Value Model)
    COGS or
    Intecompany
    Transactions

    Recorded as Profit
    Not Realized (Unsold) Seller Buyer
    xxx Parent Sub
    xxx Sub Parent
    Expense
    Ending Inventory
    xxx
    g Inventory Purchases

    nsold Inventory
    Sheet) Cost of Goods Sold
    (Income Statement)

    useful life is 5 years


    Parent External Customers
    150K

    qq
    July 1,20x1
    Income is Earned when Goods are sold to EXTERNAL CUSTOMERS
    Gain of 50K CA of an asset is valued at PURCHASE COST
    CA at 150K
    Depreciated at 150K

    50,000

    50,000 5 years
    10,000 per year

    5,000
    q
    Supplier HO Branch

    100

    HO 20
    Branch 30
    Total 50

    At the date of transaction: Spot Rate

    At FS
    Monetary closing rate ex: Cash, AR, AP

    Non-monetary Historical rate


    Fair Value 100,000 USD
    April 1 20x1 AR 5,200,000
    Sales 5,200,000

    COGS xxx
    Inventory xxx

    AR 300,000
    FCTA Gain 300,000 OCI

    Assets closing rate 56


    Liabilities closing rate 56
    Equity
    1USD=56PHP
    Income 20x1 54 s
    Expenses Aug 1 20x1 53

    Dec 31 20x1 56
    PHP USD
    Cash 1,200,000 21,429
    Accounts Payable 2,500,000 44,643
    Share Capital 5,000,000 94,340

    Share Capital historical rate date of investment 53


    RE average rate of the period 54
    Reserve: SP and OCI

    RE 5,000,000 92,593

    Identifiable Seperable
    Dividends Declared
    by Parent

    Majority Interest
    (Retained Earnings)

    Consolidated Net Income


    (Fair Value Model)

    Minority Interest
    (NCI) Cash
    Investment

    NCI
    Cash

    Dividends Received
    from Subsidiary
    Customer
    Branch

    120 150

    1USD
    April 1 20x1 52
    Dec 31 20x1 55
    Assets 1,200,000
    Liabilities 875,000
    Equity 200,000
    L/E 1,075,000
    OCI 125,000
    FCTR

    Assets 1,200,000
    Liabilities 875,000
    Equity 500,000
    L/E 1,375,000
    OCI (175,000)
    xxx
    xxx

    xxx
    xxx

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