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Changes in ownership – Group Accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Changes in ownership – Group Accounts

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 10, 2023 at 7:00 pm #694653
    DeepikaG1
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi,

    Could you please help me with the journal entries when a parent loses control in subsidiary and the entity is now an associate?

    Many Thanks,
    Deepika

    November 11, 2023 at 7:01 am #694661
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3431
    • ☆☆☆☆☆

    Dr Cash
    Dr Associate (FV) – given in question
    Dr NCI
    Cr NA of sub
    Cr Goodwill
    Dr/Cr P&L – balancing figure

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