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References (4)
-
R. Gibson, Jere Francis (1975)
Accounting for Goodwill — a Study in PermissivenessAbacus, 11
-
Kimmell Kimmell (1976)
Consolidation Models at Acquisition: Purchase and Pooling of Interest MethodsThe Accounting Review, Volume LI
-
Gibson Gibson, Francis Francis (1975)
Accounting for GoodwillAbacus, Volume 11
-
Gibson Gibson, Francis Francis (1976)
Share Investments, A Survey of Accounting PracticesThe Chartered Secretary, Volume XXVIII
- Publisher
- Wiley
- Copyright
- © 1979 Accounting and Finance Association of Australia and New Zealand
- ISSN
- 0810-5391
- eISSN
- 1467-629X
- DOI
- 10.1111/j.1467-629X.1979.tb00206.x
- Publisher site
- See Article on Publisher Site
Abstract
Abstract: Consolidated financial statements are typically taught by the use of a consolidated worksheet. Adjustments in journal entry form are made on the worksheet to derive a consolidated result. Students often have difficulty with the worksheet adjustment methodology because it focuses more on the adjustment rules than on the underlying consolidation objective. An alternative methodology based on algebra overcomes the deficiencies inherent in the worksheet approach. Algebra is suggested to be a rigorous and concise tool for use in teaching consolidation objectives and in solving consolidation problems.
Journal
Accounting & Finance – Wiley
Published: Nov 1, 1979