An overview of the art of consolidation [statement of financial position] / Noryati Md Noor
[This article only covers the basic understanding in the preparation of a consolidated statement of financial position within the scope of the course ACC507_Financial Accounting and Reporting; with references to Malaysian Financial Reporting Standard No 3 & 10. References to other MFRSs that are...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA, Negeri Sembilan
2024
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| Online Access: | https://ir.uitm.edu.my/id/eprint/105860/1/105860.pdf https://ir.uitm.edu.my/id/eprint/105860/ |
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| Summary: | [This article only covers the basic understanding in the preparation of a consolidated statement of financial position within the scope of the course ACC507_Financial Accounting and Reporting; with references to Malaysian Financial Reporting Standard No 3 & 10. References to other MFRSs that are commonly applied in the preparation of the financial statements will not be specifically mentioned]. A business combination occurs when independent businesses combine to form a single unit; the combinations can be horizontal or vertical integration. Horizontal integration is an expansion strategy that involves the acquisition of a business offering similar goods or services at the same level of the value chain in the same industry. |
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