For some reason, I don't quite understand Combined Finanacial Statements/Push Down Accounting.  More specifically, I don't quite understand HOW it's to be done?  The book did not give an example of it?  I need a visual of this--just like there were examples of the Consolidation journal entries.  I just don't quite understand the differnce between the combined and the consolidated financial statements in terms of how to report figures on the balance sheet and income statements.  Anybody have any examples to share????

(hmmm...just re-reading the 1 page that covers this section (F3-41)....I also see that I do not understand the handling of Retained Earnings?  I am so very lost with this particular part of Chapter 3.  Please help!!!)

I suppose these two topics are hardly covered at all (certainly, anything is possible, but based on history, ...). That is why there are no details.

Anyone? Have you seen any detailed questions in exam or any other study material apart from Becker?

Thanks divyagovil1!!!!  :-)

Bump!! 

Any help anybody???

Becker has questions on this. I skipped push down accounting completely. I rather pray, it is easier.

Yeah, Becker has few questions... but, not completely testing the details... Just a high level review!

Yes, chance can be taken to skip this topic as it is not a heavily tested topic.