1 - Accounting Standards & Financial Statements

Question 1

Relevant accounting standards Switzerland

Answer 1

Question 2

Pros & Cons rule-based & principle-based accounting

Answer 2

Question 3

Origin & delevelopement of IFRS

Answer 3

Establishement: IASB (since 2001 -> davor IASC)

Question 4

Mini Case: Dormakaba

Answer 4

Question 5

From IFRS to GAAP - Switzerland empirical

Answer 5

Question 6

Benefits & challanges of having one gloabl set of accounting standards

Answer 6

Question 7

Sustainability Reporting (current developement)

Answer 7

Question 8

Consolidation Methods

Answer 8

Question 9

Single vs consolidated - Process of Group Accounting

Answer 9

Question 10

Full Consolidation - Goodwill

Answer 10

Question 11

Full Consolidation - PPA (Purchase Price Alloccation)

Answer 11

Question 12

Full Consolidation - Capital Consolidation - Parent company

Answer 12

Question 13

Full Consolidation - Capital Consolidation - Consolidated B/S

Answer 13

Question 14

Full Consolidation - minority interest

Answer 14

Question 15

Minority Interest - Consolidated B/S

Answer 15

Question 16

Why should 100% of subsidiaries’ financial statements be consolidated even when the actual ownership is less than 100%?

Answer 16

Question 17

Debt Consolidation - parent vs consolidated

Answer 17

Question 18

Debt Consolidation - Elimination of inter-company profits – Consolidated F/S

Answer 18

Question 19

possible intragroup transactions

Answer 19

Question 20

Equity Method - Example

Answer 20

Question 21

Equity method - Measurement of equity investments

Answer 21

Question 22

Challenges that might appear while preparing consolidated F/S

Answer 22

Question 23

Consolidation methods: Summary

Answer 23

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