How (u0026 When) To Consolidate Financial Statements

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Information How (u0026 When) To Consolidate Financial Statements

Title	:	How (u0026 When) To Consolidate Financial Statements
Lasting	:	15.05
Date of publication	:
Views	:	95 rb

very well explained sir just a question, how do you account for Dues From Related Parties and Dues to Related Parties in consolidated statements? would be great if you could make a video on that too!
Comment from : @taimoorawan

Cane Bay High School Subsidiary Class
Comment from : @Paytaycool-c7q

Thank you so much! although the example is pretty simple but very much needed to understand the basic rules It helped me a lot
Comment from : @shimrityonasi

I have a question, in the example you showed that the retained earnings is a plug in while doing the consolidation and when you consolidated the financials for the year 2020 you showed that retained earnings came to $3100 and you explained the increase of $300 is the difference between the retained earnings of subsidiary company which is $1800-$1500brKeeping that in mind in the year 2019 there was no retained earnings for the subsidiary for 2018 so the difference should be $1500 which means this entire $1500 is included in the retained earnings of the parent company in 2019 in the amount of $2200?brI need more clarification about the Retained Earnings part as to why it is not added and it is a plug in?
Comment from : @rohitthakur-xv2dh

This is so helpful thanks a lot! You made it so easy!
Comment from : @rosed2688

EPIC
Comment from : @grantguo9399

equity and shared capital are not separate thing
Comment from : @AdverJohnson

All CPAs come here for the exam preparations
Comment from : @trumpbuddha1053

Thanks for the videobrHow we trate the income tax in the consolidated Financials?brWhile the subsidary has its tax
Comment from : @ahmedatef7585

Thanks!
Comment from : @DerekOBrien-n6f

Do u have consolidated profit and loss video?
Comment from : @mohamadnfaiz

i love u bill hanna ur pro of consolidated financial atatements
Comment from : @Khunsafarrukh-tf5lc

Your material is better at teaching this subject than actual college professors Glad you made this
Comment from : @greenlightstudios3816

The best video ever!!! You should make a CPA course since you make it so simple THANK YOU
Comment from : @jawidkhair6668

Thank you boss
Comment from : @vascogamero530

Significant influence is greater than 25 but less than 50 ownership and controlling influence is greater than 50 ownership, right?
Comment from : @johnnybravo8510

Wow finally understood the theory
Comment from : @capenterjojo3373

I think this video is clear, simple, easy to understand Lecturer presents really well Do you have any Udemy course or online course that I can purchase to learn consolidated FS under IFRS systematically ?
Comment from : @unaliu8504

Thank you so much, Bill! Very helpful!
Comment from : @AhMauy

Perfect
Comment from : @Ahmed8012k

Hi, do you have one for income statement?
Comment from : @Tekevin

Superb simply explained a complex accounting process which would accountants think as rocket science
Comment from : @tonythomas6702

You say retained earnings in a plug Is it not just the combined RE less the investment and capital elimination?
Comment from : @M3Monica

Is this IFRS?
Comment from : @IsabelleChatterton

Still waiting for the next video
Comment from : @nicksonmusunzuru5823

Thanks for the video, it helps me to understand better
Comment from : @mokubunshinnojutsu

I have my exam tomorrow 😂, start prep at the last moment
Comment from : @ThorBash

You created your own destiny! Aww!! Love your t-shirt bro!
Comment from : @radhadevan1768

Is this different from finance? I need to study finance way for exams and finals
Comment from : @hectoraguilar9438

Thanks for the awesome video please make video on more intercompany detailed topics
Comment from : @ashfaqhussain5328

thank you as always, very easy to understand, very detailed and very helpful
Comment from : @AbdullahiAbdirahmanAli

I want to learn depresation methodsdifferent methods
Comment from : @nadirbaig156

Excellent I am from India, love watching all your videos❤
Comment from : @narasimhacg1

Tanks for previous
Comment from : @tamiratchirato1815

How to prepare combined financial statement please show me
Comment from : @tamiratchirato1815

Thank you!!!
Comment from : @ayny1529

How did you get the 5,100 at the very end An how does that number correlate to the initial consolidation before you did the one year after statement
Comment from : @jeremyjones8128

THANK YOU!!!
Comment from : @Yo_Kelz

Is your notes specifically for public company? because if it's a private company, if the company owns more than 50 of the subsidary and demonstrate sig influence, the parent company gets to choose from these 3 methods
Comment from : @siennahope6100

i m from somalia and prepared ACCA when i prepared financial statement consolidation takes group what is difference between and your ledgersteps that i have done is group structure
Comment from : @ahmedfarah623

so helpful!!!
Comment from : @teaganshaw5340

Hi Bill, Great video! Thank you for this information but i have a few scenarios whether Inter-company eliminations would happen or not -brbr1 Between Parent company and subsidiary company with 20 percent ownershipbr br2 Between Parent company and subsidiary company with 50 percent ownershipbr3 Between two subsidiary companies with 20 percent ownershipbr4 Between two subsidiary companies with 50 percent ownershipbr brbr5 Between two subsidiary companies, one with 50 percent ownership and other one with 20 percent ownership
Comment from : @neatlymessed6341

Please make more videos
Comment from : @shibbirahmedkhan6626

Thank you so so much ❤️❤️❤️
Comment from : @sherinefahmy3114

Thank you, I am a current CPA candidate and this was an area that I am struggling with Elimination entries are the hardest part for me but an overall explanation of consolidations is super helpful
Comment from : @mattsarff2793

Thanks bill Your videos is very helpful brKeep itup
Comment from : @mubarakgaracad2950

most useful videos to revise quickly
Comment from : @jyotisharma9313

Hi, Thanks for your lesson, can you pls also talk about more complex consolidations such as the intra group sales transactions , inter group loan transactions as well as if the the subsidiary got the goodwill brThanks:)
Comment from : @tracyliu2497

Your content is gold bro, thanks
Comment from : @SuperacionMasculina24

Hi Bill, it's a simple yet very helpful video to understand about consolidation process in balance sheet So, can you make another video about consolidation for income statement and comprehensive income?
Comment from : @eliezeraryapranata5055

Thank you U r Great
Comment from : @lamiaaitbouskri278

Hi, am from India, your videos are excellent and very useful Could you able to take the topics of IFRS 9 , 15 and 16
Comment from : @thangavelr8178

Hey Bill, great vid as always! I'm interested in becoming a controller and I know you made videos on the path to Controller/CFO at large/small companies but could you also make a video on the path to Chief Accounting Officer? That is a job that I don't hear much about and would like to learn more
Comment from : @heisenberg7049

Hello sir 😁 sir how to become a Ceo? steps by steps, experience , entry positions please Tell me 💚
Comment from : @rangapriyadarshana6355

Thank you so much! It is a very helpful video
Comment from : @marilufraga9575

Hi, as an accounting professional, I really enjoy watching all your videos! They are super helpful! Another topic that I personally would like to know more about is foreign exchange rates and cumulative transaction adjustments (CTA) Once again, thank you for making these videos!
Comment from : @jessyliu1745

Thanks Again a Wonderful video
Comment from : @yinyin7614

What kind of laptop should I get for school I'm considering the new MacBook or Microsoft surface 7?
Comment from : @Antagonistfc

Nice video bill , l like your way to describe accounting
Comment from : @fouadhassan1378

Please upload video with goodwill example
Comment from : @arslantahir1708

How about if there's Minority Interest?
Comment from : @ronniejrolavario8374

Love your videos man! Props 🤩
Comment from : @jonathanrviews5081

Hi It it compulsory to do CPA to become accountant or controller Or msc Finance and accounting or MIM in accounting and finance is enough to become controller or an accountant?
Comment from : @nirmalm7165