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Associate of an Associate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Associate of an Associate

Viewing 4 posts - 1 through 4 (of 4 total)
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  • March 14, 2019 at 5:20 am #509291
    dipeshshrestha
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Do we have to equity account for an associate of an associate ? Eg A has 47% shares of B and exerts significant influence over it. A applies equity account of A. Now the thing is B hold another 47% of C. C is an associate of B. Does same rule apply for A for C ? Does A needs to equity account for C also ?

    March 17, 2019 at 8:06 pm #509564
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    This is not on the syllabus and so not something that you have to worry about.

    Thanks

    March 18, 2019 at 9:42 am #509616
    dipeshshrestha
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Oh. I was just thinking over it. But just to know, what is actually done for that ?

    March 18, 2019 at 8:55 pm #509646
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    If it is not on the syllabus then it won’t be answered, sorry. It is then too much of a distraction to what is actually important with regards to passing the exam. I like how you’re thinking around the subject but don’t think too far around it, save that for SBR.

    Thanks

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