高級財務會計相關資料(英文版)(ppt 16頁)

高級財務會計相關資料(英文版)內容提要：
Required Readings: Chapter 11
1. Alternative Consolidation Theories
11. Parent company theory
1) characteristics
assumption: CFS are an extension of P’s
financial statements
CFS are prepared for the benefit of P’s
stockholders
consolidated NI: a measurement of income to P’s stockholders
NCI is a liability, and
NCI share is an expense
2) comments
inconsistent valuation
conflict with definitions of liability and expense
12. Entity theory (Contemporary theory)
1) characteristics
CFS reflect the viewpoint of the total business entity
all resources controlled by the entity are valued consistently

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