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Can joint venture has a subsidiary???
If it could, then would the joint venturers become related parties to the subsidiary controlled by the joint venture??
I found the definitions given by IAS 24 are somehow confusing lol,Wow!!!! Instantly, off the top of my head, I cannot imagine why a jv could not have a subsidiary! And if they did, then clearly they would be related parties to the subsidiary
Hope that helps …. but although it is a tricky situation, I cannot imagine the P2 examiner doing that to you! Certainly, to my knowledge, it hasn’t ever happened in the past
Hope so. Btw, the latest examinable documents list contained in ACCA website does not include ED : reporting entity and ED for the provision. Does it mean that it is not examinable for this sitting???
If they are not on the list, they are not examinable. However, examiners have, in the past, asked questions which are clearly not in the syllabus. Your P2 examiner is very experienced and very fair so it’s unlikely that he will ask anything outside the syllabus ….. but you never know!
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