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Hello Sir , for the purpose of AAA exam , it is clearly important to know the accounting standards., but what about the Group accounting ( should I know only the basic group accounting for Sub and Associates and Goodwill . OR I should also know how to account for if there is a change in the group structure , step acquisition , step disposal , foreign sub ? )
Thanks in advance
You’re not going to have to perform the mechanics of consolidating in these matters but clearly, since SBR accouting/financial reporting knowledge is assumed for AAA, you should understand the key issues that would be of particular audit relevance. So, for example, how associate to sub hangs on controls (and, similarly, a subsidiary should be derecognised from the date of loss of control).
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