Takeover bids
13 September 2012
Lets talk consolidated balance sheets...
Unit 10 "Drafting financial statements" asks students to prepare group profit and loss accounts and balance sheets. It focuses on the consolidation balance sheet and includes concepts such as goodwill and minority interests.
This is particularly relevant in the case of corporate takeovers. Last year, for example, Asda was taken over by us retail giant Wal-Mart for £6.2...