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Calling companies P and S in consol

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Calling companies P and S in consol

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • August 30, 2015 at 10:42 pm #269191
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    If the companies in the consol q are Vicky (parent) and Natalie (subsid) , is it OK if I call them P and S throughout the question rather than V and N

    August 31, 2015 at 8:02 am #269233
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Is it a major issue to call them V and N?

    I can see you getting confused between your Vs and your Ns in the middle of your workings where, for example, V has some closing inventory bought from S. P normally sells to N at a standard gross margin of 30%

    I think I would be inclined to bite the proverbial bullet and call them P and S

    Besides, it’s only happened once in living memory that the parent and the subsidiary were not P and N

    There are more important things to worry about than the examiner’s lexicographic abilities

    September 1, 2015 at 2:49 pm #269436
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    Thanks Mike

    September 1, 2015 at 6:48 pm #269466
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    No worries

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