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Group Accounting

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  • April 2, 2020 at 3:25 pm
    Group Accounting 2
    toushiga
    Participant

    Hello Sir ,for Opentuition SBR video lecture for chapter 4 “. Basic group structures – SFP workings and adjustments”

    The tutor mentioned that
    “Subsidiaries are not consolidated if it’s held for sale under IFRS 5”

    is this statement still valid? or it also needs to consolidate to date?

    Thank you.

    April 2, 2020 at 3:44 pm
    Group Accounting 3
    Stephen Widberg
    Moderator

    Imagine the sub has PPE 100, Inventory 50, Cash 50

    If held for sale, it will be a single line Assets HFS 200 at the bottom of current assets – so assets are still included but not consolidated on a line by line basis

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