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Dealing with associates

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Dealing with associates

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  • November 30, 2010 at 8:48 pm #46445
    moksud
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi

    When consolidating SOFP (balance sheet) and SOI (P&L), how to you account for the associates?

    I know for SOFP you have a line stating investment in associate, but what about in SOI?

    Thanks

    December 1, 2010 at 6:54 am #72208
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Include as a PRE TAX income the parent’s share of the associate’s adjusted, time-apportioned profit after tax

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