Option #2: Business Combinations ONLY DO PART 2: ANALYSIS
It is important for accountants to understand advanced accounting transactions. For this final project, you will complete several advanced accounting transactions related to business combinations.
There are several requirements for this project which should be submitted during the weeks when there are Portfolio Project Milestones (in Modules 2, 3, and 5).
Part 1: Financial Statements
1). Prepare the indirect cash flow statement.
Use the case information and financial data in the Option 2 template file (linked at the bottom of the page). Complete the template, which will help you organize your responses. Also, address any instructor feedback provided in the milestone submissions using Excel’s comments function. Any written comments must be formatted according to the CSU-Global Guide to Writing & APA.
Part 2: Analysis
Research cash flow statements. Describe the proper accounting and reporting for cash flow statement with U.S. GAAP and IFRS. What are the relevant U.S. GAAP and IFRS standards? Discuss how each standard is similar and different in handling the reporting of the cash flow financial statements.
Your analysis should be two to three pages in length, not counting the required title and reference pages (citing at least two to three sources), and must be formatted according to the CSU-Global Guide to Writing & APA.
- Submit the final Excel template with all areas completed.
- Submit your written analysis.
Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
Portfolio Project Option 2 spreadsheet