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Step acquisition

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Step acquisition

Viewing 2 posts - 1 through 2 (of 2 total)
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  • May 14, 2018 at 9:38 am #451838
    mumbaikar
    Participant
    • Topics: 50
    • Replies: 45
    • ☆☆

    Hi. My other question is what adjustments are necessary from moving to associate from an investment(ifrs 9)
    The movement doesnt earn you a control basically!?

    May 16, 2018 at 8:04 pm #452310
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7060
    • ☆☆☆☆☆

    Hi,

    You need to revalue the investment to fair value, which is then the cost figure in the investment in associate on the statement of financial position.

    Thanks

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