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Hi All
I can see opentuition has tipped a consolidated P&L to come up in Q1 in the June 14 exam. However because a consolidated P&L question has not come up in previous exam papers I am just wondering how you are practicing this sort of question?
Opentuition have tipped a consolidation of P&L but there is little to no mention of how to consolidate complex groups in the revision notes. Does anyone know why this is?
Can there be a 35 mark question on just consolidating P&Ls?
I think the examiner would struggle to create a question which is consolidating P&Ls for 35 marks. Because there is no retained earnings calc, no goodwill calc and no fair value adjustments.
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