how are you practicing consolidated P&L?

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May 6, 2014 at 11:40 pm #167706
williams1977
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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?
May 6, 2014 at 11:54 pm #167707
williams1977
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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.
May 8, 2014 at 1:16 pm #167911
eoglasain
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He has done it before Ashanti 2010. Lots of horrid workings can be put through, and it hasnt come up for a very long time, we are long overdue. I will spend a few hours anyway refreshing for it. But yeah would not like to see that question.
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