Close Log In. A Prepare a consolidated statement of financial position for the Alpha Beta Group. The minority rights appearing in the consolidated statement of financial position on the date of acquisition according to the concept of economic unit were 50000 dinars and the holding percentage was 75. Deal with non-controlling interests at fair value. Consolidated financial statements provide important information by summarising. 1b The concepts and principles of consolidation Theory Question 2. You should ensure you have looked at the specimen exam the full exam and the additional MTQs for practice of the fuller consolidation exam questions. The total assets and liabilities under the control of the parent. 2b Prepare statement of financial position. B Any unrealized profit made by a subsidiary should be eliminated from its profit.
The minority rights appearing in the consolidated statement of financial position on the date of acquisition according to the concept of economic unit were 50000 dinars and the holding percentage was 75. As at the year end the parents statement of financial position reports rent receivable as an asset at 600 and this includes 150 due from the subsidiary. Subsidiary reports rent payable as 150. B Show the alterations necessary to the group statement of financial. Enter the email address you signed up with and well email you a reset link. Close Log In. 1b The concepts and principles of consolidation Theory Question 2. To know the correct financial position of the business. Results arising from this control. Prepare a consolidated statement of financial position for a simple group parent and one subsidiary deal with pre- and post-acquisition profits.
Answered Feb 1 2017 in IFRS 10 - Consolidated Financial Statements by umarhussainia Level 5 Member 113k points 2 answers one of my listed subsidiaries has repurchased its own shares leading to increase in Holding of the parent company. A the consolidated statement of financial position reports only parents goodwill. Typically this will involve calculating the figures for a consolidated statement of profit or loss or a consolidated statement of financial position. Subsidiary reports rent payable as 150. The total assets and liabilities under the control of the parent. Close Log In. Which of the following will be included in the consolidated statement of financial position. C Prepare the statement of financial position of Downing Co as at 31 March 2016. Upon completion of this chapter you will be able to. B Show the alterations necessary to the group statement of financial position if the intragroup balance owed by Beta to Alpha represented an invoice for goods sold by Alpha to Beta at a mark-up of 15 on cost and still unsold by Beta at 31 December 20X4.
To know the correct financial position of the business. D Only the group portion of any unrealised profit need be eliminated. Download December 2007 Questions Answers. Upon completion of this chapter you will be able to. B Show the alterations necessary to the group statement of financial position if the intragroup balance owed by Beta to Alpha represented an invoice for goods sold by Alpha to Beta at a mark-up of 15 on cost and still unsold by Beta at 31 December 20X4. Financial Reporting ACCA questions and solution 2002 - 2010. Chapter 21 Preparation Of Consolidated Statements Of Financial Position After The Date Of Acquisition. Prepare a consolidated statement of financial position for a simple group parent and one subsidiary deal with pre- and post-acquisition profits. B Show the alterations necessary to the group statement of financial. A Prepare a consolidated statement of financial position for the Alpha Beta Group.
Prepare the statement of profit or loss and other comprehensive income for Downing Co for the year ended 31 March 2016. The concise answer below would have scored full marks. Added to its syllabus the preparation of simple consolidated financial statements and the interpretation of financial statements. Download December 2007 Questions Answers. Log In with Facebook Log In with Google. Financial Reporting ACCA questions and solution 2002 - 2010. A Prepare a consolidated statement of financial position for the Alpha Beta Group. 1a Prepare consolidated statement of financial position. C Prepare the statement of financial position of Downing Co as at 31 March 2016. C An amount owed to each other within the group needs to be cancelled.
