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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Discontinued Operarions
Hi everyone I am using this for the first time so please forgive me. I am preparing for P2 in December and i would appreciate some advice on IFRS5. If a subsidery status was changed during the year say from September. My understanding is that we consolidate as usual up to August. And from September we classified it as a discontinued operation. After calculating the profit on discontinued operations do we still split this profit between the parent and the minority interest? Thank you for your response.
In P&L show 100% OF WHOLE YEAR’S PROFIT as a single line under discontinued operations. So that users understand which profits will not be there in future years.
NCI dealt with as normal.
Comparative restated but they probably won’t ask you to do that.