Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Calculation of CSoCI in case of a mid-year acquisition
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- May 5, 2010 at 1:47 pm #43754
In the exam paper on June 2006 Parent company Hydan acquired a subsidiary in the middle of the year. Question contents SoCI data pre-acquisition and post-acquisition:
Pre-acquisition Post-acquisition
1 Oct 2005 31 March 2006
Revenue 24 000 35 200
Cost of (18 000) (31 000)
sales
…In the answer examiner for consolidation purpose used only post-acquisition data but not a difference between post-acquisition and pre-acquisition as we should do in the case of mid-year acquisition.
Why?Thank you in advance
May 5, 2010 at 2:26 pm #60002AnonymousInactive- Topics: 0
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The post-acquisition one is not a full year statement.
May 5, 2010 at 2:42 pm #60003Could you specify?
Thank you in advance
May 5, 2010 at 3:21 pm #60004AnonymousInactive- Topics: 0
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The post-acquisition one only covered Oct 1, 2005 to Mar 31, 2006.
May 5, 2010 at 3:52 pm #60005Thank you very much
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