• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Basics of group according – Net Assets of Subsidiary

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Basics of group according – Net Assets of Subsidiary

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by f6ali.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 18, 2019 at 4:51 pm #556180
    drishti1234
    Member
    • Topics: 13
    • Replies: 9
    • ☆

    Res mam/sir,
    Net Assets refers to total assets minus total liabilities of company.
    My doubt is that,
    When we calculate Net Assets of subsidiary (WNO 2)
    The only elements included in that are equity of subsidiary and any fair value changes in asset of subsidiary, which tells the capital of subsidiary.
    Can you please help me out with this.

    December 19, 2019 at 11:43 am #556215
    f6ali
    Member
    • Topics: 10
    • Replies: 342
    • ☆☆☆

    If you want to ask the tutor directly, kindly post your queries in Ask the Tutor SBR Exams. This forum is for students to help each other.

    In the statement of financial position, the total assets equal the value of total liabilities plus equity. Therefore, when we calculate net assets (A-L), it should equal equity.

    When calculating net assets of subsidiary at acquisition, IFRS 3 requires that all assets and all liabilities of the subsidiary should be measured at fair values. The equity balance of subsidiary shows the Book Value of net assets, which might not equal the fair values net assets. Therefore, we have to incorporate fair value adjustments in the book value of equity to bring the balance to fair value of net assets.

    I strongly suggest you to watch free lectures on group accounts. They contain everything you need to understand and pass the SBR exam.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • dkessilfie on FM Chapter 1 Questions – Financial management objectives
  • ahmadhoney on ACCA Advanced Audit and Assurance (AAA) The Audit Report 3: Types of Audit Report
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Ken Garrett on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in