tailieunhanh - Financial accounting advanced (Eleventh edition): Part 2

(BQ) Continued part 1, the document Financial accounting advanced (Eleventh edition): Part 2 has contents: Corporations in financial difficulty, segment and interim reporting, governmental entities - Introduction and general fund accounting, partnerships - Formation, operation, and changes in membership,. and other conetents. Invite you to refer. | 10 Additional Consolidation Reporting Issues Multicorporate Entities Business Combinations Consolidation Concepts and Procedures Intercompany Transfers Additional Consolidation Issues Multinational Entities Reporting Requirements Partnerships Governmental and Not-for-Profit Entities Corporations in Financial Difficulty Google ADVANCED CONSOLIDATION ISSUES AT GOOGLE Larry Page and Sergey Brin founded Google Inc. while they were doctoral students at Stanford University in the mid-1990s. Google began of course as an Internet search engine. The company was incorporated in September 1998 and went public in August 2004. Although Google is best known for its search engine the company has expanded into various online tools and products. Some of its better-known products are its Gmail e-mail software its web browser Google Chrome and its satellite map program Google Earth. During its relatively short existence Google has become one of the most well-known high-tech companies in the world. Google Inc. has acquired a relatively large number of companies in just over a decade. In fact between 2001 and 2012 Google was involved in 116 separate acquisitions. Three of the most visible of these acquisitions were Applied Semantics in 2003 YouTube Inc. in 2006 and Motorola in 2012. Due to its rapid growth Google went from a small start-up company with relatively simple accounting to a global company with fairly complex accounting in just a few years. Although prior chapters have introduced the preparation of consolidated income statements statements of retained earnings and balance sheets Google also prepares a consolidated statement of cash flows. Moreover although prior chapters have assumed that all acquisitions used in the illustration have taken place at the beginning or the end of the fiscal year none of Google s acquisitions took place at the turn of a new fiscal year. Finally although prior chapters have ignored taxes and earnings per share EPS calculations Google s .