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Exemption from preparation of financial statements

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Exemption from preparation of financial statements

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
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  • February 12, 2013 at 12:09 pm #117523
    rania
    Member
    • Topics: 22
    • Replies: 15
    • ☆

    One of the reasons a parent does not have to prepare group financial statements is, ” the parent’s debt or equity intruments are not traded in a public market?”
    what does this mean?? the terms ‘debt ‘ and ‘equity instruments’ are making it confusing

    February 12, 2013 at 12:45 pm #117539
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    It means that neither its shares capital ( typically equity shares ) nor its loan capital ( typically debentures ) are traded on a recognised stock exchange

    February 14, 2013 at 2:33 am #117807
    rania
    Member
    • Topics: 22
    • Replies: 15
    • ☆

    got that!

    February 14, 2013 at 7:40 am #117828
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    good

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