Montefiore Medical Center (MMC)‚ developed from the consolidation of two hospitals in the Bronx‚ New York‚ consists of two acute care hospitals‚ 31 primary care centers‚ a home care agency‚ and a physician/medical joint venture with an annual operating budget of over $1 billion. By 1995‚ from a combination of lower payment arrangements‚ increased competition‚ and unsatisfied patients‚ MMC was running a $57 million budget shortfall. In response‚ consolidation of operations was performed leading to almost
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Theory and Impact of Accounting Treatment • AASB 10 Paragraph 97-99 The consolidated financial statement involves adding together the financial statement of the parent and subsidiary and making a number of adjustments. • Impact of Investment on Consolidation - On 30 June 2012 Brennan should recognize profit and loss in investment on Malone. (a) Carrying amount and Fair Value of Malone asset and Liability should be consideration received to Brennan. (b) Any other different profit and loss should
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investments * Strategic Investments (Investor intends to establish or maintain a long-term operating relationship with the entity in which the investment is made): * Control – Full Consolidation * Significant Influence – Equity Method * Joint Ventures – Proportionate Consolidation * Non-Strategic Investments: * Fair Value through Profit and Loss (FVTPL) – Fair Value Method * Available-For-Sale (AFS) – Cost Method * IFRS 9 requires
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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United States as an assembly of states; the Philadelphia Convention produced a new hybrid Publius describes it in Federalist 39 “partly national‚ partly federal” note federal=confederal prior to the Philadelphia Convention not a complete consolidation but it approaches it potential for “absolute and uncontroulable power” Brutus notes Article I‚ Sec. 8‚ Cl. 18 implied powers –the “necessary and proper” clause supremacy clause of Article VI: federal laws and treaties are supreme notwithstanding
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listings and acquisitions in the financial sector A. Purpose of the paper In September 2004‚ the informal Ecofin Council in Scheveningen discussed the issue of lagging crossborder consolidation1 in the banking area. This low level of cross-border consolidation is not confined to banking‚ but is relevant for the whole financial sector‚ with some nuances. In the upcoming Financial Integration Monitor report‚ the Commission will dedicate a chapter on the quantitative aspects of crossborder restructuring
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1.Does the organizational design of this corporation help or hinder it in achieving its organizational goals? Continental Airlines utilizes a divisional structure relative to the management of its various entities. This structural design is due to the complex nature of the aviation industry as well as the autonomy required in operating a twenty-four hour a day‚ seven day per week worldwide business. In my opinion‚ the structural design of this organization with the exception of Continental Express
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transfer $15 000 from the plant and maintenance reserve back to retained earnings. Required 1. Prepare the acquisition analysis at 1 July 2008. 2. Prepare the consolidation worksheet journal entries as at 1 July 2008. 3. Prepare the consolidation worksheet journal entries for the year ended 30 June 2009. 4. Prepare the consolidation worksheet journal entries for the year
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| PROJECT DEFINITION |CORPORATE PROJECT PURPOSE: | |Because the company is currently considering the possible consolidation of its seven manufacturing sites into one location‚ it needs more | |complete information on locations‚ employee opinions and costs to make a decision. | |
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organizational structure resembles a pyramid with a designated leader at the top. Pathfinder uses four levels to categorize organizational growth; Emergent‚ Launch or Growth‚ Consolidation and Mature1. Using the Pathfinder analysis‚ STSM is between Consolidation and Maturity. It has met many but not all of the characteristics of Consolidation‚ such as having a developed organizational structure‚ increased diversity of donors‚ revenue and other support‚ as well as personnel policies implemented but not consistently
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