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Coate dec 12 part c

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Coate dec 12 part c

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
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  • March 6, 2018 at 5:33 pm #440733
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    I didnt understand this bit in answer. In other words, whats the correct treatement

    “ this will require coate to quity accoubt for pattern within consolidated finnacial stat.”

    Plz clarify, thanks

    March 7, 2018 at 10:09 am #440939
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    Essentially we no longer have control of the subsidiary but joint control instead over a joint venture arrangement. To account for this we will equity account for the joint venture arrangement.

    Thanks

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