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Do we have to consolidate assets of associate ?

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Do we have to consolidate assets of associate ?

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by alkemist.
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  • September 7, 2013 at 6:12 pm #140046
    sameed
    Member
    • Topics: 40
    • Replies: 97
    • ☆☆

    Suppose the subsidiary becomes associate on the last day of the reporting date than do we have to account for it as a subsidiary or an associate, in the answer of this question the answer has included a seperate figure of income for associate in statement of financial position but also consolidates the assets and liabilities of the associate

    the question is GRANGE (DEC 09)

    September 7, 2013 at 8:30 pm #140057
    alkemist
    Participant
    • Topics: 3
    • Replies: 493
    • ☆☆☆

    If it becomes associate on the last day, then it is accounted for as an associate.

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