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    Latihan - Ch.11

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    1. The document compares three theories of consolidation: traditional theory, parent company theory, and entity theory. It also discusses push-down accounting and joint ventures. 2. Push-down accounting involves revaluing the acquired subsidiary's assets and liabilities to fair value and recording any resulting goodwill. It eliminates the subsidiary's pre-acquisition retained earnings. 3. A consolidation workpaper shows the consolidation of a subsidiary under both parent company theory (90% ownership) and entity theory (100% ownership) one year after acquisition using push-down accounting.

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    Latihan - Ch.11

    Uploaded by

    Didit
    191 views16 pages
    1. The document compares three theories of consolidation: traditional theory, parent company theory, and entity theory. It also discusses push-down accounting and joint ventures. 2. Push-down accounting involves revaluing the acquired subsidiary's assets and liabilities to fair value and recording any resulting goodwill. It eliminates the subsidiary's pre-acquisition retained earnings. 3. A consolidation workpaper shows the consolidation of a subsidiary under both parent company theory (90% ownership) and entity theory (100% ownership) one year after acquisition using push-down accounting.

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    PPT Latihan - Ch.11

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    1. The document compares three theories of consolidation: traditional theory, parent company theory, and entity theory. It also discusses push-down accounting and joint ventures. 2. Push-down accounting involves revaluing the acquired subsidiary's assets and liabilities to fair value and recording any resulting goodwill. It eliminates the subsidiary's pre-acquisition retained earnings. 3. A consolidation workpaper shows the consolidation of a subsidiary under both parent company theory (90% ownership) and entity theory (100% ownership) one year after acquisition using push-down accounting.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    191 views16 pages

    Latihan - Ch.11

    Uploaded by

    Didit
    1. The document compares three theories of consolidation: traditional theory, parent company theory, and entity theory. It also discusses push-down accounting and joint ventures. 2. Push-down accounting involves revaluing the acquired subsidiary's assets and liabilities to fair value and recording any resulting goodwill. It eliminates the subsidiary's pre-acquisition retained earnings. 3. A consolidation workpaper shows the consolidation of a subsidiary under both parent company theory (90% ownership) and entity theory (100% ownership) one year after acquisition using push-down accounting.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    ADVANCED

    ACCOUNTING
    Chapter. 11
    THEORIES, PUSH-DOWN ACCOUNTING, AND JOINT
    VENTURES: OBJECTIVES

    1. Compare and contrast the elements of


    consolidation approaches under
    traditional theory, parent-company
    theory, and contemporary entity
    theory.
    2. Adjust subsidiary assets and liabilities
    to fair values using push-down
    accounting.
    3. Joint ventures.
    TEORI KONSOLIDASI
     Parent Company Theory (Teori Perusahaan Induk)
    Secara sederhana diartikan bahwa pada laporan keuangan konsolidasian
    yang dijadikan sudut pandang hanya melalui perspektif perusahaan
    induk. Dalam teori ini semua aset dan liabilities dari perusahaan anak
    hanya diakui sebesar jumlah kepemilikan perusahaan induk.

     Entity Theory (Teori Entitas)


    Berbeda dengan teori perusahaan induk, Secara sederhana diartikan
    bahwa pada laporan keuangan konsolidasian yang dijadikan sudut
    pandang suatu perusahaan atau entitas baru. Dalam teori ini semua
    aset dan liabilities dari perusahaan anak diakui 100% dengan
    mempertimbangkan kepemilikan minoritas.

     Traditional Theory (Teori Tradisional)


    Sedikit unik, teori tradisional ini mengambil sudut pandang dari teori
    perusahaan induk, tetapi dalam penyajian dan pengungkapanya dalam
    laporan konsolidasian menggunakan teori entitas.
    PUSH-DOWN PROCEDURE
     Assets and liabilities are revalued
     Goodwill, if any, is recorded
     Retained earnings (prior to acquisition) are
    eliminated
     Push-down capital replaces retained earnings
     Includes old retained earnings
     Any adjustments to assets and liabilities,
    including goodwill
    P 11-5
    COMPARATIVE BALANCE SHEETS UNDER TRADITIONAL AND
    ENTITY THEORIES
    P 11-5
    COMPARATIVE BALANCE SHEETS UNDER TRADITIONAL AND
    ENTITY THEORIES … CONT’D
    P 11-7
    JOURNAL ENTRY TO RECORD PUSH-DOWN, SUBSIDIARY BALANCE SHEET,
    AND INVESTMENT INCOME
    P 11-8 JOURNAL ENTRIES AND CALCULATIONS FOR PUSH-DOWN ACCOUNTING
    P 11-8 JOURNAL ENTRIES AND CALCULATIONS FOR PUSH-
    DOWN ACCOUNTING…CONT’D
    P 11-9
    JOURNAL ENTRIES AND COMPARATIVE BALANCE SHEETS AT ACQUISITION
    FOR PUSH-DOWN
    P 11-9
    JOURNAL ENTRIES AND COMPARATIVE BALANCE SHEETS AT
    ACQUISITION FOR PUSH-DOWN … CONT’D
    P 11-10
    CONSOLIDATION WORKPAPER ONE YEAR AFTER ACQUISITION UNDER PUSH-DOWN ACCOUNTING
    (BOTH 90%- AND 100%-OWNERSHIP ASSUMPTIONS)

    No Accounts Dr Cr Dr Cr
    90% (parent theory) 100% (entity theory)
    a Cash 8.000 8.000
    A/R 8.000 8.000
    b Income from Sun 37.800 37.800
    Dividends 9.000 9.000
    Investment in Sun 28.800 28.800
    c Capital stock 100.000 100.000
    Push-down capital 92.000 100.000
    Investment in Sun 180.000 180.000
    NCI – 1/1 12.000 20.000
    d Div. payable 9.000 9.000
    Div. receivable 9.000 9.000
    e NC share 4.000 4.200
    Dividends 1.000 1.000
    NCI – 31/12 3.000 3.200
    Total 250.800 250.800 259.000 259.000
    P 11-10
    Consolidation workpaper one year after acquisition under push-down accounting (both
    90%- and 100%-ownership assumptions)
    P 11-10
    Consolidation workpaper one year after acquisition under push-down accounting (both
    90%- and 100%-ownership assumptions)
    P 11-11
    Workpaper for proportionate consolidation (joint venture)
    No Accounts Dr Cr
    a Income from Jay 20.000
    Investment in Jay 20.000
    b Sales 180.000
    Venture equity - Jay 250.000
    A/P 60.000
    Other liabilities 36.000
    Cost of sales 90.000
    Depre.expense 24.000
    Other expenses 36.000
    Cash 30.000
    Receivable - net 18.000
    Inventories 24.000
    Land 36.000
    Buildings – net 60.000
    Equipment – net 108.000
    Investment in Jay 100.000
    Total 546.000 546.000
    P 11-11
    Workpaper for proportionate consolidation (joint venture) … cont’d

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