Hello John
At approx 23:25 in lecture "Consolidations – Simple Groups Example 3", you mentioned that a subsidiary can be excluded on the grounds of immateriality. My question is how is the materiality determined? .....would it be done in the same manner taught in F8?
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Exclusion of a subsidiary from consolidation
11y ago#1Hi - it's Mike, not John
Materiality, like beauty, is in the eye of the beholder. It could be that it's only the auditor that stands between consolidation and the directors!
ok, thanks Mike, my apologies for the incorrect name.
11y ago#3No problem - are you happy enough now with the materiality issue?
yes, thanks.
11y ago#5You're welcome
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