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Dear Chris,
I know that parent consolidates Associate’s profit before interest and tax, but I just have a little doubt, that do we consolidate Associates OCI? Like Revaluation and so on? I think we don’t though. Can you confirm it?
Regards,
Hi,
The OCI of the associate is treated in exactly the same way as the profits. We include the parent’s share of the OCI of the associate.
Thanks
Thanks got it.
Dear Chris, could you suggest a way to remember little bits of IASs? I keep forgetting little things in IASs such as we don’s adjust unrealized loss.. I know practice is important, but for long – term how to remain the memory?
Regards
Hi,
Glad you’re happy with it. I’d like to give you an easy way to remember the little things but there is only one way and that is to practise the questions. I believe a lot of students will attempt a question once and then never do it again. To improve remembering the little things then I’d do the question again. You should hopefully find that this helps you remember the little things.
Just remember though that it isn’t the little things that help you pass, they just hep you score a high mark. To pass you just need to understand the basics not the little things.
Thanks
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