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advanced Financial Accounting Excel practice problem in this presentation were going to work at consolidation problem in Excel where we have a parent-subsidiary relationship were going to be consolidating the financial statements together were gonna say that theres a wholly owned subsidiary so the parent owns 100% of the subsidiary as part of this problem we will have a difference between the fair market value of the property plants and equipment at the point of purchase and the book value well also have the intercompany transactions some intercompany transactions that we will have to eliminate during the consolidation process and were going to be working the consolidation basically five years later so in other words were gonna say that the purchase took place in January of save year 1 now its your 5 December year 5 were doing a consolidation at that point in time get ready to account with advance financial accounting here we are in our Excel worksheet we got the information o
