Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

IAS 21 P2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 21 P2

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 25, 2016 at 2:46 pm #308286
    moheikal
    Participant
    • Topics: 5
    • Replies: 0
    • ☆

    Dear Mr. Mike
    Thanks for supporting us.
    I have a question regarding example 2 consolidation of foreign subsidiary. In W2 you deducted NA@DOA translated by cloing exchange rate from the cost of investment and NCI in the parent’s reporting currency. While Bpp example 23, they calculated the cost of investment and NCI in the subsidiary function currency @DOA then dedcted NA@DOA in the subsidiary function currency after that they translated the outcome to the parent’s reporting currency using closing rate, which results in different outcomes. Please clarify

    Best regards
    Mohamed

    April 2, 2016 at 8:49 am #308841
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7079
    • ☆☆☆☆☆

    Hi,

    I’d work the calculation according to the method used in the BPP study text as I think it is easier to follow and more consistent with the consolidation techniques used in earlier examples.

    I’ll be updating our example to make things easier in due course.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.