Under push down accounting 2. fair value adjustments and excess amortization are included in separately issued financial statements of the subsidiary fair value adjustments and excess amortization are recorded on the separately issued financial statements of the parent consolidated statements are not required .parent is required to use equity method e subsidiary is required to use equity method Under push down accounting 2. fair value adjustments and excess amortization are included in separately issued financial statements of the subsidiary fair value adjustments and excess amortization are recorded on the separately issued financial statements of the parent consolidated statements are not required .parent is required to use equity method e subsidiary is required to use equity method