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CONSOLIDATION

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

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  • August 25, 2021 at 11:01 am #632856
    shaunak22
    Participant
    • Topics: 220
    • Replies: 41
    • ☆☆☆

    Sir could you please explain how dividends from associate is treated in consolidated PNL and consolidated SOFP?

    August 29, 2021 at 11:16 am #633358
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    Any dividends received from the associate are eliminated when equity accounting as we are replacing them with the share of profit of associate in the group SPL. On the group SFP the dividend received is a reduction in the investment in associate.

    Thanks

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