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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › indirect holding
please tell me how to get the acquision date, is it the last date of the two dates(the date parent get the subsidiary, and the date subsidiary get the sub-subsidiary)
thanks
No, acquisition date is the date which the parent acquires the subsidiary ie the date from which a group of companies exists with the parent as the parent. In the case of a vertical group, it may be that the subsidiary has already acquired another company, so a group now exists. But we’re not bothered about that because we will not be asked to prepare group accounts for the S Group.
We become interested when Anda, Maruta, Matis etc acquire either a subsidiary or a subsidiary group