GROUP ACCOUNTS: AN Introduction 2

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September 27, 2017 at 5:39 pm #408781
Anonymous
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Hi sir,
Thanks for the tutorial but i need clarification on this. Pls how do we treat Subsidiaries of dissimilar activities that accounts for less than 10% of our total profit, revenue or expenses. Are we permitted not to disclose them. Pls how are they to be treated in our group consolidation account.
Ik Emmanuels
September 27, 2017 at 7:31 pm #408789
MikeLittle
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Dissimilar activities used to be an excuse that was used for non-consolidation. However, that excuse has now been removed so we’ll consolidate ‘as normal’
OK
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