consolidation of financial accounts

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 57
- Replies: 54858
You would have to make separate calculations.

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

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.