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IAS 24

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IAS 24

  • This topic has 0 replies, 1 voice, and was last updated 2 months ago by thanh123.
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  • May 13, 2022 at 5:22 am #655506
    thanh123
    • Topics: 40
    • Replies: 27
    • ☆☆

    I have a question – 29 Egin group – BPP kit – part b (ii).

    “Spade is a related party of Do ye because it exerts significant influence over
    Doye. This means that the sale of plant and equipment t o Spade must be
    disclosed” _ Extracted from answer_

    BUT it may be conflict with IAS 24, the intra-transaction will not be disclosed in consolidated financial statement.

    I am quite confused if the disclosure from the answer on separate financial statement or consolidated financial statement ?

    Thanks !

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