General question related to consolidationForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › General question related to consolidationThis topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts November 1, 2016 at 6:35 am #346920 unaizaParticipantTopics: 37Replies: 97☆☆Those subsidary which parent acqiures at mid of the year Q1) Why retained earnings brought forward of parent and nci in statement of changes in equity doesn’t include subsidary’s brought forward retained earnings? November 1, 2016 at 6:47 am #346921 MikeLittleKeymasterTopics: 27Replies: 23286☆☆☆☆☆Because, in a mid-year acquisition situation, the subsidiary at the end of the year wasn’t a subsidiary at the beginning of the yearTherefore, from a group perspective, there are no subsidiary post acquisition retained earnings brought forward November 1, 2016 at 7:03 am #346925 unaizaParticipantTopics: 37Replies: 97☆☆Ok thanks November 1, 2016 at 7:08 am #346929 MikeLittleKeymasterTopics: 27Replies: 23286☆☆☆☆☆You’re welcomeAuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In