The Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) is an alternative to GAAP for small entities who desire a simpler financial reporting framework to present their financial statements. This course describes the accounting for investments, with a focus on the simplicity in the FRF for SMEs framework. Consolidation and acquisition of another entity through business combination is explained. Upon completion of this course, the user should be able to: Describe the accounting policy choice an entity may make for accounting for subsidiaries. Describe the equity method and cost method of accounting for investments. Describe the process for consolidating subsidiaries. Describe the acquisition method of recording business combinations. Described the general measurement principle for recognizing assets and liabilities at market value in a business combination. Describe the accounting policy choice an entity may make for recognizing an intangible asset in a business combination. Describe the method used to recognize and measure goodwill or gain from bargain purchase on a business combination Describe new basis (push-down) accounting