BRANCH ACCOUNTING

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April 20, 2021 at 12:25 pm #618292
mauriceuk1683
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Hi there,

I have a question regarding the recognition of branch accounting entries .I tried to find the recognition requirements in FRS 102 and IFRS but I could not find anything .Please let me know if a seperate Asset account is held in the Parent Financial statements and the branch entries are added to this account every month.

Thank you

John
April 20, 2021 at 2:24 pm #618304
Kim Smith
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Branch accounting is not examinable in ACCA. You will find details of accounting for subsidiaries in the consolidated financial statements of a parent in FA (basics) and FR also.
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