Accounting #7 - Consolidation and Cash Flow

[black_samvara]

Accounting for Economic Entities is a topic that made sense to me. This is where you combine the Coles empire in a single consolidated statement (group includes Coles, Bi-Lo, Target, Kmart and Officeworks, owned by Wesfarmers), rather than having to wade through all the individual statements. Corporate fraud here seems mostly do with with lying

Comments

[zebra363]

Consolidations and cashflows are my favourite stuff of all and my main area of expertise. The extra work I get each six months is doing these things for listed companies that are too small to hire staff who know how to do them!

[black_samvara]

I found this quite challenging, we did a lot of high speed talking about how changes affected the balance sheet and whether to add or subtract them. meep. I can kind of logic my way through but would hate to have to figure it out fast.

[rabbit1080]

interesting video - thanks!
my accounting lectures (in the olden days) focused on the numbers, not the context. Need to have both.

[black_samvara]

\o/

I've found the videos quite good value - and yes, context is soooooo important.