ased on the consolidation worksheet, prepare the new revised consolidated Statement of Financial

Suggested Steps in completing Part A It is suggested that you complete this using the following steps; 1) Obtain the 2016/2017 Annual report for your allocated company 2) Extract the 2016/2017 trial balance from the annual report and input this into Excel into your consolidation worksheet. (Hint: you will also need to look at the notes to the accounts and you will need to ensure that this balances before proceeding any further. Also, ensure you expand out any rounding in the financial statements) 3) Prepare the adjusting entry to record the initial acquisition of Pursuit Ltd by your company and revise your company’s trial balance. 4) Complete the consolidation journal entries and incorporate these into the consolidation worksheet. 5) Based on the consolidation worksheet, prepare the new revised consolidated Statement of Financial Position, Profit and Loss and Other Comprehensive Income and Statement of Changes in Equity. (Note disclosures are not required)