Group SFP – Basic consolidation (revision) – ACCA Financial Reporting (FR)
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Hie Narcis
Your question is not silly. Its a very important question
Its like when u are buying a second hand car which has a half tank of fuel, the cost of buying the car includes the fuel which was in the car. So, when the parent buys S, he buys together with the reserves that are owned by the subsidiary
I dont know if this is making any sense
Hi, my question may sound silly, but can you please expand on the subsidiary’s retained earnings on the moment of acquisition, being “consumed”. What exactly happens with those funds? Why do we consider them “consumed” within the consolidation of the assets and liabilities?
Many thanks.
Hie Narcis
Your question is not silly. Its a very important question
Its like when u are buying a second hand car which has a half tank of fuel, the cost of buying the car includes the fuel which was in the car. So, when the parent buys S, he buys together with the reserves that are owned by the subsidiary
I dont know if this is making any sense
Hello,
I am unable to download the lecture notes. “Can’t open file” pops up every time i try to download and open it.
Any changes in topic for the September session?
logged in as sneo.
Hello!
Is it possiabe that there are questions about preparation consolidated FS with group disposal in real exam? Or group disposal is tested only in stand-alone FR of Parent?
Thanks!
Hello,
When I did my exam last time disposal was part of the section c question in groups. They asked me to do all normal group calculations in part a and then in the same scenario in part b was a disposal question.