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Consolidation – Net assets

This topic has 5 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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March 5, 2016 at 7:42 am #303520
harry1094
- Topics: 22
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Dr Tutor,
Net assets = Total assets – total liabilities
Equity = Total assets – total liabilities

I saw them in Chapter 24 BBP F3 and can not distinguish them. Please help me show the difference between them.

Thanks in advance!
March 5, 2016 at 10:11 am #303554
John Moffat
Keymaster
- Topics: 57
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The total equity must always be equal to the net assets.

You are going to have to watch our free lectures – I cannot type them all out here 🙂
In the section chapter of our lecture notes (and the lecture that goes with it) and I explain the accounting equation in detail with examples.

Our free lectures are a complete course for Paper F3 and cover everything needed to be able to pass the exam well.
March 5, 2016 at 10:14 am #303556
harry1094
- Topics: 22
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Sorry, can you send me the link relating these videos ?
March 5, 2016 at 10:25 am #303563
John Moffat
Keymaster
- Topics: 57
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You can find the links to all of our free resources by going to the main Paper F3 page. (On the bar at the top of the page, click on ‘home’, then ‘ACCA’, then ‘F3’.
March 5, 2016 at 10:26 am #303564
harry1094
- Topics: 22
- Replies: 39
Thank you so much!!!
March 5, 2016 at 2:56 pm #303609
John Moffat
Keymaster
- Topics: 57
- Replies: 50519
You are welcome 🙂
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