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Disposal of subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Disposal of subsidiary

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • February 17, 2020 at 9:31 am #562085
    wyyy
    Member
    • Topics: 24
    • Replies: 22
    • ☆

    If a subsidiary has been disposed of, and it is originally acquired with a view to resale.
    So it is in line with IFRS 5 discontinue operation?
    The treatment is don’t have to be consolidated for SOPL but need to treated as discontinued operation?

    February 17, 2020 at 2:51 pm #562116
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3443
    • ☆☆☆☆☆

    Must be consolidated but its results will appear in a single ‘discontinuance’ line in the P&L

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