June 2014Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › June 2014This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 21, 2018 at 4:25 pm #443261 SaimonParticipantTopics: 123Replies: 55☆☆Question 3“Discuss how the above items should be dealt with in the financial statements of Minco.”Sir does this requirement indicate treatment in group financial statement or individual financial statement???Andsir should i disclose related party transaction in individual financial statement as per ias 24 or treat them as per related ias???? March 23, 2018 at 9:08 pm #443637 P2-D2KeymasterTopics: 4Replies: 6922☆☆☆☆☆Hi,There is no reference to Minco being parent company, so it would only be in the individual financial statements of Minco.The transactions are disclosed as per IAS 24 but their treatment is governed by the appropriate accounting standard.ThanksAuthorPosts Viewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In