Preparation of the Consolidated Statement of Financial Position
• Consolidation is the process of adjusting and combining financial information from the individual financial statements of a parent undertaking and its subsidiary undertakings to prepare consolidated financial statements that present financial information for the group as a single economic entity. • the Consolidated Statement of Financial Position reflects the assets and liabilities within the control of the parent entity, and how they are owned. • defined by IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries, consolidated financial statements are “the financial statements of a group presented as those of a single entity”.
I will suggest that the teacher who is teaching F3 and cover Consolidated SFP is the best teacher to teach F7 as well ,….and also if all of you watch F3 concern lecture on Consolidated SFP and IS will be hlep ful to understand him ….:)
Thank you for the suggestion Amin – I’ll forward your thoughts to John who teaches F3. Maybe he’ll want to cover P2 as well. I’ll put it to him and, if his reply is printable, I’ll post it on the site 🙂
Love you Mike, but i’m use to John on my computation lectures (F5 and F9). was looking forward for you on the Audit paper (f8) and him on this one. Mike i really wish you were on f8 to make it more lively. Looking forward to the rest of the F7 lectures.
So we could really use abbreviations during exam?.. That would be really time efficient. because I am slow writer. and we dont need to beautify the paper with black underlines dont we …. no… ts time consumng
I know this might seem like a really silly question but in example the pre acq earning (10) how did you get that figure?? hope you answer it thank you so much for your support
Goodness me… this tutor is so funny! Classic school master irony… I’ve already completed my studies for F7 but that was two years ago and it is great to be able to go back over that which was learnt back then
Why the investment of EUR 18,000 is not included in the consolidated FS?
This is included within the subsidiaries figures recognised in the period.
Investment in Sub – 18,000
Sub Assets – 26000
Liabilities (4000)
Post Acq Profits (4000)
I will suggest that the teacher who is teaching F3 and cover Consolidated SFP is the best teacher to teach F7 as well ,….and also if all of you watch F3 concern lecture on Consolidated SFP and IS will be hlep ful to understand him ….:)
Thank you for the suggestion Amin – I’ll forward your thoughts to John who teaches F3. Maybe he’ll want to cover P2 as well. I’ll put it to him and, if his reply is printable, I’ll post it on the site 🙂
Love you Mike, but i’m use to John on my computation lectures (F5 and F9). was looking forward for you on the Audit paper (f8) and him on this one.
Mike i really wish you were on f8 to make it more lively.
Looking forward to the rest of the F7 lectures.
So we could really use abbreviations during exam?..
That would be really time efficient. because I am slow writer.
and we dont need to beautify the paper with black underlines dont we …. no… ts time consumng
and the lectures are really helpful
very helpfull
please help
it keeps giving me this messege below.The video could not be loaded, either because the server or network failed or because the format is not supported: https://d.acca.opentuitioncom.netdna-cdn.com/play/_definst_/mp4:vod/acca.opentuitioncom/f7/f7intd1-1d.mp4/playlist.m3u8
i never faced this pblm before.it used to work fine
these lectures are no longer showing. have they been removed
That would be highly unlikely
I know this might seem like a really silly question
but in example the pre acq earning (10)
how did you get that figure??
hope you answer it
thank you so much for your support
@amram24, Surely it’s because we are consolidating as at the date of acquisition – it’s explained at about 7 minutes 15 seconds
@MikeLittle, thankyou Sir
so funny !!!! LOL
thanks?you guys done a nice job?
I am sorry?I type it wrong?is thanks?you guys done a nice job?
@zubang5933, Hhahah, I’m guessing one of your keys has a problem.
am having difficulties in viewing the lecture
thank you
Hello,
Is it possible for me to download this video lecture?
Regards
Oje
@ojebor25, I don’t think so… I’ve tried thousands and hundreds of ways to get that…
@ojebor25, Simply, NO! Having them non-downloadable is the only way we can keep this site running – we need you to keep logging on!
hi,the introduction was very nice but i cant proceed to the next lectures
@okoech, Why not? They are listed on the index page to the lectures.
This Tutor is awesome…. great humour 2.
Goodness me… this tutor is so funny! Classic school master irony… I’ve already completed my studies for F7 but that was two years ago and it is great to be able to go back over that which was learnt back then
thank you
This is so helpful thanks
very, very, helpful. Thanks
this is very helpful
this is so so helpful! I don’t see how i wil fail!! Thank you