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Treatment of Associate.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Treatment of Associate.

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 25, 2022 at 1:39 am #675081
    AvatarFajarP
    Participant
    • Topics: 8
    • Replies: 15
    • ☆

    Sir, we’ll do equity accounting only in the consolidated statements, right?
    So, if we don’t have a subsidiary company, won’t we still record the investment in associate at cost in the individual financial statement of the parent?

    Thanks. Merry Christmas.

    December 25, 2022 at 9:08 am #675085
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    Yes – it there is no subsidiary then there are no consolidated accounts, and any investment in another company is shown at cost in the accounts of the company that has the investment.

    December 26, 2022 at 6:19 am #675099
    AvatarFajarP
    Participant
    • Topics: 8
    • Replies: 15
    • ☆

    Okay, Thanks sir.

    December 26, 2022 at 11:46 am #675106
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Treatment of Associate.’ is closed to new replies.

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