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In the examples it is said that P has taken over the company of S.Why in the consolidated SOFP the share capital includes only that of P and not of S?
This is because figure for share capital of subsidiary and figure for investment in subsidiary of parent have been cancelled out as part of the goodwill calculation.The parents share capital is all that will ever be shown in the group accounts for the entity.
amirs: Have you watched the free lectures? It is in the lectures that I work through and explain the examples in the lecture notes. There is no point at all in using the lecture notes without watching the lectures. (If you are not watching the lectures for any reason then you need to buy a Study Text from one of the ACCA approved publishers and study from there)
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