20% off ACCA & CIMA Books

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

ias 8

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
June 15, 2017 at 2:50 pm #393254
adarsh1997
Participant
- Topics: 646
- Replies: 282
Hi Mike!
Could you explain how the following is not an accounting policy:
-Adjusting the financial statement of a subsidiary prior to consolidation as its accounting policies differ from those of the parent.
June 15, 2017 at 4:21 pm #393259
MikeLittle
Keymaster
- Topics: 27
- Replies: 23329
It’s a consolidation adjustment – it’s not illegal for the subsidiary to carry on with its own policies EXCEPT the directors of the parent shall secure as far as possible that consistent accounting policies are in use throughout the group
OK?
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘ias 8’ is closed to new replies.