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Kunming has to be consolidated as part of the Lahore Group because although the effective interest is 45% this is used only for calculations i.e Goodwill and share of post acq profits and NCI. Because Lahore controls 60% of Barcelona that 60% also controls the 25% that Barcelona has in Kunming indirectly and Lahore has 30% control of Kunming directly. I hope that this helps. Check out RCABelfast on You Tube, those lectures really help.
@skuntz said:
How is it possible to complete all the answers in the given time???
Why isn’t there a separate time management paper so I can prepare and attent that one only.. Each and every exam I’m attending at ACCA I have to pray that my knowledge matches the inspiration for time management.. it becomes very obvious that ACCA wants to earn more and more money from the failers… :((((((
Viewing all your comments I know that I am not alone.
The paper was just awful.
