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consolidation of financial accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › consolidation of financial accounts

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • October 17, 2015 at 5:19 pm #276903
    dharmil
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Hi,

    I wanted to know what is the procedure to be followed while a parent company is acquiring shares in its subsidiary in multiple tranches. For eg. on 1st january, 40 percent and then on 1st july 30 percent. At the end of the year when we consolidate the accounts, what effect is to be given to pre-acquisition profits.

    Thanks in advance

    October 18, 2015 at 7:07 am #276942
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51563
    • ☆☆☆☆☆

    You would have to make separate calculations.

    However this is not examinable in Paper F3 – not until F7.

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