Accounting for complex investment transactions |
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Authors: | Natalie Tatiana Churyk Renata Stenka |
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Institution: | 1. Accountancy, Northern Illinois University, DeKalb, IL 60115, USA;2. Henley Business School, University of Reading, Reading RG6 6UG, UK |
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Abstract: | This case study exposes students to complex investment transactions. You must document the following: (1) apply the appropriate accounting literature along with its provisions and justify the order of its application; (2) identify and interpret key facts to classify the given investments and relations; (3) discuss the choice of key assumptions that are central to the analysis; (4) interpret the nature of all investment relations with Holdings; discuss all Owner level and below relations; (5) discuss how accounting for varied levels of influence impact the items reported on/off the face of investors' financial statements; (6) from DT's perspective, discuss the potential positives and negatives of its arrangement with Owner with respect to Holdings; and (7) after analyzing additional facts, discuss the nature of the relations of Simon and Herb III with Owner. |
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Keywords: | Variable interest entities (VIE) Consolidation Subsidiaries ASC 810 (FIN 46R SFAS 167) IFRS 10 Joint ventures (ASC 323 IAS 28 IFRS 11) Group accounting Investments Accounting education case study |
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