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Consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 20, 2012 at 8:55 pm #52685
    vinu
    Participant
    • Topics: 12
    • Replies: 9
    • ☆

    How is Profit for NCI is calculated in a Consolidated income statement??
    From where should we take the profit and what all adjustment should we make?

    May 21, 2012 at 6:00 am #97632
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    It’s their share of this year’s subsidiary, adjusted, time apportioned, profit after tax

    May 21, 2012 at 7:18 am #97633
    vinu
    Participant
    • Topics: 12
    • Replies: 9
    • ☆

    Thanks for your reply .
    so what about the post acquisition adjustments?? should we take that to adjust
    the profit after tax?

    May 21, 2012 at 10:01 am #97635
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Hi

    yes – that’s what the “adjusted” stands for in my previous post.

    “their share of this year’s subsidiary, adjusted, time apportioned, profit after tax” explains it all – but EVERY word is significant so make sure that you understand that significance!

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