There are 3 companies A,B and C having 5 shareholders ( family members father mother and 3 children) each having a 20% shareholding in all three of the companies.
The shareholders in these 3 companies transferred their rights to another entity D through an agreement but as per the license of companies A,B and C the individuals are mentioned as the owners and not company D.
Can Company D consolidate company A,B AND C and have consolidated financials as per IFRS 3?
Ask the Tutor ACCA FR
Consolidation
Hi,
This isn't a FR question that is likely to appear in the exam and so I won't answer it, sorry. If anything then it would be SBR.
Thanks
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