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Corporate Accounting by V. Rajasekaran, R. Lalitha

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12

Holding Company Accounts

LEARNING OBJECTIVES

After studying this chapter you should be able to:

  1. Define holding company and subsidiary company.

  2. Understand the legal requirements relating to presentation of accounts by a holding company.

  3. Understand the requirements of Schedule VI.

  4. Explain Consolidated financial statements.

  5. Prepare Consolidated balance sheet of a holding company and its subsidiaries.

  6. Understand the important factors and their accounting treatment such as: (i) elimination of investment account; (ii) minority interest; (iii) cost of control or goodwill; (iv) revenue profits or post-acquisition profits; (v) revenue losses or post-acquisition losses; (vi) capital profit & losses or pre-acquisition profits and losses; (vii) ...

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