Group Accounts: An Introduction part 2

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  1. Avatar of jivanjee jivanjee says:
    May 29, 2013 at 8:43 pm

    wonderful

  2. Avatar of monyee monyee says:
    April 14, 2013 at 5:48 am

    Thanks for your lecture. But I have some quries . For example, If a partnership company start incorporate a new Ltd company with current partners and employees , do we need to prepare consolidated statement?

  3. Avatar of zanele82 zanele82 says:
    February 19, 2013 at 12:55 pm

    sorry retraction .I now understand ma mistake

  4. Avatar of zanele82 zanele82 says:
    February 19, 2013 at 9:59 am

    thank you Mike.Then in example 1 for group acounts why are we not consolidating the recivables ,cash ,inventory for the parent and subsidiary because we only considered the parents figures.Or is that we add both after incoporation.I thought invery would be (8+4),cash (4-3)+1and Receivables(6+2).

  5. Avatar of zanele82 zanele82 says:
    February 18, 2013 at 8:21 am

    i want to know that if preparing the interim statement if you are using the half year results of the subsidiary then for the parent company which results do you use .Is it also the half year results or the whole year.

  6. Avatar of uuuu uuuu says:
    February 13, 2013 at 6:38 pm

    very good lecture

  7. Avatar of despina despina says:
    November 14, 2012 at 2:48 pm

    What happens with the remaining 25% of the profit/revenue/assets.

    That is quite material to the group?

  8. Avatar of nigs001 nigs001 says:
    October 15, 2012 at 3:40 am

    For situaion of holding less than 1/2—-does the parent still prepare consolidated statements?

    • Avatar of MikeLittle MikeLittle says:
      October 15, 2012 at 6:27 am

      @nigs001, Only if they have ( effective ) control.

      Control is the key so, even though the parent may own MORE than half the votes, if they no longer have control ( eg the subsidiary is in liquidation and therefore the liquidator controls it ) then the parent will not consolidate.

      Under the new IFRSs, where a parent has effective control, then they should consolidate. So, if the parent owns say 40% of the voting power of the subsidiary and the remaining 60% is spread out over many other shareholders, then the parent has effective control.

      Steve Scott is not likely to ask this in a numerical part of question 1 but could ask it within the ( say ) 5 mark written part b

  9. Avatar of alextrunghuynh alextrunghuynh says:
    September 12, 2012 at 11:32 am

    I don’t get the $2,600 part. Where is it from?

  10. Avatar of zanele82 zanele82 says:
    September 8, 2012 at 3:16 pm

    that was a good lecture .Thank you very much .I believe in open tuition

  11. Avatar of aloowo aloowo says:
    September 4, 2012 at 11:10 am

    it is quite perfect because the lecturers are knowledgeable

  12. Avatar of lorrainer lorrainer says:
    May 24, 2012 at 6:17 am

    I agree, I was struggling and a co-worker told me about the site and I can say I am very grateful for the assistance, it brings clarity

  13. Avatar of taftedmelody taftedmelody says:
    May 10, 2012 at 11:27 am

    perfect

  14. Avatar of tehreem tehreem says:
    May 6, 2012 at 3:55 pm

    thank you so much May God Bless you and the administration :) Amen.

  15. Avatar of itochukwu itochukwu says:
    April 8, 2012 at 11:23 pm

    Very Good Lecture. Thanks.

  16. Avatar of chilzkay chilzkay says:
    March 28, 2012 at 5:27 pm

    excellent

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