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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Subsidiary Consolidation
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.
Hi,
This will fall under IFRS 3, and you will not get anything more challenging than that at this level.
Thanks
Thank you so much 🙂