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?
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SBRP2 Foreign Operation Consolidation
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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