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Consolidation Post-Aquistion Profit..??

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidation Post-Aquistion Profit..??

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by Sangria9.
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  • November 28, 2012 at 1:16 pm #55872
    diannel2012
    Member
    • Topics: 18
    • Replies: 37
    • ☆☆

    in a question of consolidation:
    is the subsidiaries profit stated in the Income statement (given) the same as the post aquition profit we calculate using the workin “”Net Asset For Subsidiaries”” ??

    November 30, 2012 at 9:11 am #109115
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    If the acquisition took place during the year (in the middle, for example), profit in the income statement after acquisition should be adjusted.

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