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Scenario The midsize manufacturing company for which you are the accounting advisor assessed the options you provided

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Scenario The midsize manufacturing company for which you are the accounting advisor assessed the options you provided. The company has decided to purchase 100% ownership in an overseas subsidiary, as well as 75% ownership in a domestic subsidiary, which itself owns 10% of the parent company. Your company now needs to determine the steps involved in consolidating the financial statements and has asked for your input. Include an analysis of the steps required in translating foreign currency and the process of accounting for the connecting affiliation. Directions Create a PowerPoint presentation that the accounting manager can use to explain the consolidation process to the board of directors. Specifically, you must address the following rubric criteria: Describe the typical steps for consolidating the financial statements of subsidiaries. Explain how the connecting affiliation should be handled. Analyze the temporal and current rate methods of consolidating financial statements. Determine which eliminating journal entries need to be made to account for intercompany transactions. What to Submit Submit a 6- to 8-slide PowerPoint presentation with detailed speaker notes and all required sections by completing the Module Three PowerPoint Template. Sources should be cited according to APA style. Supporting Materials The following resource supports your work on this assignment: Tutorial: Add Speaker Notes to Your Slides Microsoft offers support when you use their products. This page provides information about speaker notes for PowerPoint presentations. The webpage provides information for both Windows and macOS users.