• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Dividend received from associate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Dividend received from associate

  • This topic has 3 replies, 2 voices, and was last updated 11 months ago by P2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 5, 2022 at 8:31 am #649871
    sumansy
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    If in qs dividend received from associate is mentioned plus the profit after tax? What is the treatment in sofp and sopl .
    Also, if the profit after paying dividend is given, then what will be the changes?

    March 5, 2022 at 11:11 am #649886
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6473
    • ☆☆☆☆☆

    Hi,

    Any dividend received from the associate is removed on consolidation of the profit or loss and replaced by the share of profit of associate under equity accounting.

    If there is an outstanding receivable in the SFP then this is not eliminated as it is outside of the group. The only thing eliminated is the investment, which is then replaced by the investment in associate under equity accounting.

    Thanks

    March 5, 2022 at 11:17 am #649889
    sumansy
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    It means , we do not need to deduct it from investment income in consolidated sopl, rather than make adjustments in the share of profit of associate in sopl? By deducting the dividend of associate from there? And later on deduct the same from the sofp investment in associate (line item)? Is it?

    March 8, 2022 at 8:32 am #650166
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6473
    • ☆☆☆☆☆

    Hi,

    Yes, we remove it (eliminate it) from the investment income and then replace it with the share of profit from associate.

    No adjustment is required to the investment in associate figure on the SFP.

    Thanks

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • baraka42 on PM Chapter 13 Questions Standard Costing and Basic Variance Analysis
  • baraka42 on PM Chapter 13 Questions Standard Costing and Basic Variance Analysis

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy