How (& When) To Consolidate Financial Statements

I discuss the various methods of Accounting for Investment in Subsidiary and showing an example of a consolidated balance sheet.

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[greenlightstudios]

Your material is better at teaching this subject than actual college professors. Glad you made this.

[rudyrivera]

As a CPA you literally gave about 34% of my paid for education away for free. Bless you for that, future financeers will benefit from your service bro

[jessyliu]

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!

[shawnmohamed]

I'm an accounting student. These type of videos are super helpful! Thank you!

[eliezeraryapranata]

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?

[mattsarff]

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.

[tonythomas]

Superb.. simply explained a complex accounting process which would accountants think as rocket science.

[neatlymessed]

Hi Bill, Great video! Thank you for this information but i have a few scenarios whether Inter-company eliminations would happen or not -

1. Between Parent company and subsidiary company with 20 percent ownership

2. Between Parent company and subsidiary company with 50 percent ownership
3. Between two subsidiary companies with 20 percent ownership
4. Between two subsidiary companies with 50 percent ownership


5. Between two subsidiary companies, one with 50 percent ownership and other one with 20 percent ownership

[jawidkhair]

The best video ever!!! You should make a CPA course since you make it so simple. THANK YOU

[arsingh]

thanks man! this takes me back to my days when i was doing my professional accounting studies and i hated group accounting at first. but then i realised it was super fun

[ahmedatef]

Thanks for the video
How we trate the income tax in the consolidated Financials?
While the subsidary has its tax.

[unaliu]

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 ?

[Tekevin]

Hi, do you have one for income statement?

[DreamFirms]

I appreciate your effort making this content! Very helpful!

[ashfaqhussain]

Thanks for the awesome video. please make video on more intercompany detailed topics

[tusharmirani]

Wow...this is very nice. Looking forward for more such knowledgeable videos! Very helpful.

[dwitidesai]

Can you share some links to go through or books for consolidation to understand the concepts better for a company of 100+ subsidiary

[radhadevan]

You created your own destiny! Aww!! Love your t-shirt bro!

[narasimhacg]

Excellent I am from India, love watching all your videos❤

[Khunsafarrukh-tflc]

i love u bill hanna ur pro of consolidated financial atatements