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Calculation of CSoCI in case of a mid-year acquisition

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Calculation of CSoCI in case of a mid-year acquisition

  • This topic has 4 replies, 2 voices, and was last updated 15 years ago by alin2009.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • May 5, 2010 at 1:47 pm #43754
    alin2009
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    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 #60002
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 109
    • ☆☆

    The post-acquisition one is not a full year statement.

    May 5, 2010 at 2:42 pm #60003
    alin2009
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Could you specify?

    Thank you in advance

    May 5, 2010 at 3:21 pm #60004
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 109
    • ☆☆

    The post-acquisition one only covered Oct 1, 2005 to Mar 31, 2006.

    May 5, 2010 at 3:52 pm #60005
    alin2009
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Thank you very much

  • Author
    Posts
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