This course explains the consolidation process step-by-step, including a subsidiary's acquisition transaction, recognition of goodwill or the bargain purchase gain, the technical aspects of consolidating the financial position, and profit & loss statement including elimination conditions and the recognition of Non-controlling Interest (NCI). This course depends on a case study that simplifies the theory behind the following standards: - ASC 805 Business Combinations, ASC 810 Consolidation, IFRS 3 Business Combination, and IFRS 10 Consolidated Financial Statements. Field of Study: Accounting