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.
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Subsidiary Consolidation
7y ago#1Hi,
This will fall under IFRS 3, and you will not get anything more challenging than that at this level.
Thanks
Thank you so much :)
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