• Internal Code :
  • Subject Code : ACC3003
  • University : Australian institute of higher education
  • Subject Name : Financial Accounting

ANALYSIS

Table of Contents

Acquisition analysis for Myer and Thomson 2

Balance sheet of Mayer and Thomson. 2

Computation of the acquisition accounts 5

Acquisition profit 5

Entries in the books of accounts of both person 5

Income statement after consolidation 6

References 7

Acquisition analysis for Myer and Thomson

This acquisition analysis have been prepared to evaluate the acquisition entries which needs to be recorded in the books of accounts. The Myer Company has acquired all the issued capital of Thomas on 1st July, 2018.

Before computing the acquisition amount, computation of the goodwill have been given as below given table. However, two methods named fair value method and proportion share method have been used to assess the goodwill value. Fair value is used to assess the goodwill value. 

20200812064113AM-1679712661-2124728874.PNG


Balance sheet of Mayer and Thomson

20200812064113AM-746171667-477803809.PNG

The consolidated balance sheet of the Mayer and Thomson

20200812064113AM-31967033-1332117473.PNG

Income statement after consolidation


20200812064113AM-771065315-1624264331.PNG

Computation of the acquisition accounts

20200812064113AM-1161260493-499627050.PNG

Computation of the general reserve

20200812064113AM-519124155-406573929.PNG

Acquisition profit

20200812064113AM-380296669-48507706.PNG


Entries in the books of accounts of both person 20200812064113AM-1328506454-661575348.PNG

References

Igami, M., & Uetake, K. (2019). Mergers, Innovation, and Entry-Exit Dynamics: Consolidation of the Hard Disk Drive Industry, 1996–2016. The Review of Economic Studies, forthcoming.

Richardson, A. J. (2017). Merging the profession: A social network analysis of the consolidation of the accounting profession in Canada. Accounting Perspectives, 16(2), 83-104.

Rajchlova, J., Fedorova, A., Somerlikova, K., Grega, L., & Svatosova, V. (2018). Assessing the existence of synergistic effect in the consolidated accounting entities in the Czech Republic. Investment management and financial innovations, (15, Iss. 2), 305-316.

Clark, R., & Samano, M. (2018). Incentivized Mergers and Cost Efficiency: Evidence from the Electricity Distribution Industry.

Shepherd, J. (2018). Consolidation and innovation in the pharmaceutical industry: the role of mergers and acquisitions in the current innovation ecosystem. J. Health Care L. & Pol'y, 21, 1.

Shepherd, J. (2018). Consolidation and innovation in the pharmaceutical industry: the role of mergers and acquisitions in the current innovation ecosystem. J. Health Care L. & Pol'y, 21, 1.

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