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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Calculation of CSoCI in case of a mid-year acquisition
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
The post-acquisition one is not a full year statement.
Could you specify?
Thank you in advance
The post-acquisition one only covered Oct 1, 2005 to Mar 31, 2006.
Thank you very much