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Textbook Notes for RSM321H1 at University of Toronto St. George (UTSG)

UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 5: Pro Forma, Effective Interest Rate, Equity Method

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A parent can account for a subsidiary in internal accounting records in periods subsequent to the date of acquisition using the following methods: cost
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 4: Share Capital, Control Premium, Business Valuation

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Consolidated financial statements: statements that represent more than one corporation. Non-controlling shareholders: the shareholders of an entity exc
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 6: Production Function, Inventory Turnover, Deferred Tax

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All intercompany transactions between a parent and a subsidiary are eliminated so that the final consolidated statements reflect only the result of tra
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 2: Historical Cost, Book Value, Comprehensive Income

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Reporting methods for investments in equity securities: Ifrs"s directly related to determining how to account for an equity investment: ifrs 10: consol
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 3: Income Statement, Deferred Income, Reverse Takeover

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A merger is often initiated by one company submitting a formal tender offer to the shareholders of another company. In a hostile takeover, the target"s
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 10: Hedge Accounting, Ias 39, Historical Cost

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Foreign currency-denominated transactions: transactions that occur in foreign currencies (i. e. purchases/sales in foreign currency): presents foreign
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 9: Historical Cost, Debits And Credits, Pipeline Transport

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Ias 12 uses the balance sheet (liability) approach when dealing with deferred taxes. I. e. for unearned revenue it would be cv revenue that will not be
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 7A: Deferred Tax, Historical Cost, Income Statement

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Chapter 7: (a) intercompany profits in depreciable assets. In the holdback of intercompany profit on the sale of inventory/land, the profit was eventua
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UTSGRSM321H1Gordon RichardsonWinter

RSM321H1 Chapter Notes - Chapter 8: Financial Statement, Equity Method, Retained Earnings

OC418659 Page
14
Chapter 8: consolidated cash flows and ownership issues (pg. The parent"s percentage of ownership can change when the parent buys or sells shares of th
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 3: Financial Statement, Reverse Takeover, Historical Cost

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A business combination is defined in ifrs 3 business combinations as a transaction or other event in which an acquirer obtains control of one or more b
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UTSGRSM321H1Julie Mc DonaldFall

RSM321H1 Chapter Notes - Chapter 3: Retained Earnings, Impaired Asset, Independent Business

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There are 3 main forms of business combinations. B(cid:455) addi(cid:374)g the a(cid:272)(cid:395)uisitio(cid:374) diffe(cid:396)e(cid:374)tial to the
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UTSGRSM321H1Julie Mc DonaldFall

RSM321H1 Chapter Notes - Chapter 11: Retained Earnings, Share Capital

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0
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