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P2 Foreign Operation Consolidation

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › P2 Foreign Operation Consolidation

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by ish123.
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  • Author
    Posts
  • September 1, 2016 at 1:35 pm #336824
    Samin
    Member
    • Topics: 13
    • Replies: 22
    • ☆

    How do you go about doing these questions?In mark scheme they do the group structure and SOFP translation first.Should I do that as well or should I do goodwill first?

    September 1, 2016 at 7:26 pm #336906
    ish123
    Member
    • Topics: 1
    • Replies: 10
    • ☆

    Hi Samin, I usually do the following:

    1.Read requirement
    2.Group structure
    3.Draw up the proforma (remember to add exchange difference in OCI)
    4.Download parent
    5.Translate Sub
    6.Download Sub
    7.Start working on adjustments starting with Goodwill
    8.Complete working for RE, OCE, NCI once you have taken care of all adjustments.

    Doing 1 to 6 will make sure you get the easy marks.

    Hope this helps.

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    Posts
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