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Consolidated SPLOCI Proforma

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated SPLOCI Proforma

Viewing 4 posts - 1 through 4 (of 4 total)
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  • August 4, 2020 at 9:18 pm #579268
    darin
    Member
    • Topics: 3
    • Replies: 0
    • ☆

    Why are there two “Associate” line items in the proforma? What is the difference?

    August 8, 2020 at 8:14 am #579607
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    There is a line for the share of profit of associate within profit or loss and one for the share of other comprehensive income of associate.

    Thanks

    November 28, 2021 at 3:05 pm #641906
    Tang45
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    Hi, I have a ques, May I know how to account for the share of other comprehensive income of associates in consolidated SOFP? Put under revaluation or retained earning?

    November 29, 2021 at 8:10 pm #642042
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    A good question that I doubt you would see in the exam but it would be included within the investment in associate figure first and then in a separate component of equity in the equity section, not within retained earnings.

    Thanks

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