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Consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.
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  • Author
    Posts
  • April 20, 2020 at 8:02 am #568808
    afridi9rizwan
    Participant
    • Topics: 11
    • Replies: 15
    • ☆

    There are 3 companies A,B and C having 5 shareholders ( family members father mother and 3 children) each having a 20% shareholding in all three of the companies.

    The shareholders in these 3 companies transferred their rights to another entity D through an agreement but as per the license of companies A,B and C the individuals are mentioned as the owners and not company D.

    Can Company D consolidate company A,B AND C and have consolidated financials as per IFRS 3?

    April 23, 2020 at 8:06 pm #569077
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    This isn’t a FR question that is likely to appear in the exam and so I won’t answer it, sorry. If anything then it would be SBR.

    Thanks

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