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Consolidating Revenue/Cost of Sales

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidating Revenue/Cost of Sales

  • This topic has 0 replies, 1 voice, and was last updated 12 years ago by James.
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  • June 9, 2013 at 8:11 am #130837
    James
    Member
    • Topics: 1
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    • ☆

    We are shown by ACCA articles that in the consolidated P&L the Revenue and Cost of Sales are calculated simply by adding all the subsidiary amounts together then subtracting the minority interest part after the profit line.

    But I never see this in plc company reports (e.g. FTSE100 companies)

    Am I missing something?

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