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Forums › Ask CIMA Tutor Forums › Ask CIMA F2 Tutor Forums › sub held for sale
Good Morning Chris,
I am back to the F series, my favourite CIMA pillar.
The BPP book discusses the exclusions from consolidation and mentions subs held for sale. On the other hand in a practice question in Kaplan, the right answer is “There is no basis on which a subsidiary may be excluded from consolidation”. So I am a bit confused.
How do we show a sub that is held for sale in the consolidated accounts? Do we go through the 100% line by line or we show them only as a non-current asset held for sale?
Thanks
Hi,
We show it as one line item.
Thanks