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Subsidiary Consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Subsidiary Consolidation

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by crisdinayanyan.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • March 8, 2019 at 5:31 am #508476
    crisdinayanyan
    Member
    • Topics: 17
    • Replies: 17
    • ☆

    To consolidating a subsidiary which was incorporated and wholly owned by a group, is it falling under IFRS 3? Some of my friend says that the pooing of interest method should be used as it is a business combination under common control. May I know which is correct? Thank you so much.

    March 8, 2019 at 8:44 pm #508695
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7149
    • ☆☆☆☆☆

    Hi,

    This will fall under IFRS 3, and you will not get anything more challenging than that at this level.

    Thanks

    March 9, 2019 at 11:45 pm #508861
    crisdinayanyan
    Member
    • Topics: 17
    • Replies: 17
    • ☆

    Thank you so much 🙂

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Subsidiary Consolidation’ is closed to new replies.

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