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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated retained earnings
Dear Sir,
If we are asked to calculate the consolidated retained earnings, should we consider an associate’s post-acquisition RE as well?
Hi,
Yes, you will also need to include the parent’s share of the post-acquisition earnings of the associate within the group retained earnings. It ensures that the Group SFP balances as we will have added the same figure in the investment in associate balance in the non-current assets.
Thanks
