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Consolidating SFP exam question
Hi,
It isn't necessary but you should prepare the consolidated financial statements. So I would start by doing the workings for net assets, goodwill, NCI and group reserves. Then once you've done this I'd begin to prepare the group accounts using the additional information and making adjustment where necessary.
The key in the question is to just crunch the numbers and do not do any explanation.
Hope this helps.
Thanks
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