Hi,
if the parent company follows IFRS and subsidiary follows GAAP, could you highlight the key areas/adjustments which Parent co. will be required to do in its consolidated FS.
thanks
Ask the Tutor ACCA SBR
Consolidation
6y ago#1Question will tell you which adjustments to make - it depends on which GAAP the subsidiary is following.
The subsidiary is following US GAAP
6y ago#3Don't understand - no ACCA questions quote US GAAP
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