Accounting for Corporate Structure-

Critically evaluate the Australian requirements for accounting for:

(1) Business combinations.

In your discussion you should specifically address the following issues:

• The significance of the reporting entity concept in accounting for business combinations

• The implications of the requirement to use the acquisition method of accounting for business combinations

• The determination of fair values of assets in a business combination

• The reasons for the choice of fair value to measure assets and liabilities acquired in a business combination

• Accounting treatment of gains on bargain purchases

(2) Going Concern

Key assignment details and assessment criteria:

1. Maximum length 2500 words

Assessment Criteria

The criteria used to assess the submitted assignment will be:

• Ability to work collegially in a group environment for shared success.

• Evidence of relevant research and demonstrated understanding of research materials. As a minimum students should consult the references listed under additional resources in the Unit Description

• The structure, coherence and logic of arguments and analysis presented.

• Demonstrated understanding of the subject matter that is the focus of the assignment topic.

2500 words.

10 references.