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Consolidation

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

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • October 29, 2019 at 10:42 am #551126
    waqarhussain346
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    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

    October 29, 2019 at 12:18 pm #551133
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Question will tell you which adjustments to make – it depends on which GAAP the subsidiary is following.

    October 29, 2019 at 12:29 pm #551134
    waqarhussain346
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    The subsidiary is following US GAAP

    October 29, 2019 at 1:07 pm #551144
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Don’t understand – no ACCA questions quote US GAAP

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