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Foreign Sub in SOPLOCI

This topic has 3 replies, 2 voices, and was last updated 5 years ago by P2-D2.

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May 31, 2017 at 6:20 pm #389303
heavens0touch
- Topics: 10
- Replies: 12
Help please..

There are different methods of consolidation for a foreign sub in different textbooks, however, I find the method used by opentuition very easy.

We do net asset and goodwill working in functional currency and use closing rate to translate and then at the end, do an additional working for gain or loss on investment in sub using HR v CR.

Is there a similar approach for SOPLOCI?

Thanks for your help.
June 1, 2017 at 9:14 am #389410
P2-D2
Keymaster
- Topics: 4
- Replies: 6234
Hi,

No the group SPLOCI is less complicated and so there is no change to any format.

Thanks
June 1, 2017 at 5:32 pm #389534
heavens0touch
- Topics: 10
- Replies: 12
Thank you 🙂
June 4, 2017 at 8:07 pm #390328
P2-D2
Keymaster
- Topics: 4
- Replies: 6234
You’re welcome.
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