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Subsidiary held for sale

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Subsidiary held for sale

Viewing 3 posts - 1 through 3 (of 3 total)
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  • November 14, 2017 at 7:49 am #415671
    fatimasaid123
    Member
    • Topics: 7
    • Replies: 12
    • ☆

    Hi,

    If in q 1 it is stated that a subsidiary is held for sale, how to we account for it in the consolidated statement of financial position? Is goodwill form this subsidiary included in the consolidated SOFP?

    Thanks

    November 19, 2017 at 8:43 pm #416740
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    If it is held for sale then it is held as one line item in the group accounts.

    Thanks

    November 24, 2017 at 6:02 am #417722
    fatimasaid123
    Member
    • Topics: 7
    • Replies: 12
    • ☆

    Thank you.

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