consolidated financial statements example questions and answers

This article focuses on some of the main principles of consolidated financial statements that a candidate must be able to understand and gives examples of how they may be tested in multiple-choice questions (MCQs). This is simply because we do not have control. Consolidated; Income Statement: Revenues: 1,000: 1,000: 1,000: Expenses: 800: 800: 800: Net income: 200: 200: 200: Statement of Equity-Opening equity: 220: 220: 220: Net income: 200: 200: 200: Dividends (30) (30) (30) Closing equity: 390: 390: 390: Balance sheet: Assets: Goodwill---5: 5: Investment in Company B: 50-50: 50-Other non-current assets: 540: 80: 620: 5: 625: Current assets: 250: 40: 290: … As Green Co only has 25% of the equity shares, they do not have control and, therefore, Amber Co is not a subsidiary. When answering OTs and MTQs, remember to: Written by a member of the FA examining team, Virtual classroom support for learning partners, Support for students and affiliates in Singapore, Preparing simple consolidated financial statements, Less: fair value of net assets at acquisition, the power over more than 50% of the voting rights by virtue of agreement with other investors, the power to govern the financial and operating policies of the entity under statute or an agreement, the power to appoint or remove the majority of the members of the board of directors, or. Pink Co acquired 80% of Scarlett’s Co ordinary share capital on 1 January 20X2. B Amber only Q.1. Therefore, the correct answer is D, not A which completely omits the elimination of the intra-group balances, nor answer B which omits to cancel the corresponding payable within liabilities. Understanding Financial Statements – Questions to Ask Presented by Renee Martin, CA Partner, Smythe Ratcliffe LLP . Financial Statement Problems and Solutions is a set of questions. Outline the process by which consolidated financial statements are prepared. Explore the latest questions and answers in Financial Statement Analysis, and find Financial Statement Analysis experts. Alpha Beta $000 $000 Assets Non current … A $104,700 Creating consolidated financial statements will help you find answers to all these questions and more. As at 31 December 20X2, extracts from their individual statements of financial position showed: As a result of trading during the year, Pink Co’s receivables balance included an amount due from Scarlett of $4,600. Chapter 20. Sample/practice exam 2017, questions and answers. Exam January 5, 2011, questions (With notes for students 2011-2012) Exam March 27, … Let’s consider each of the investments in turn to determine if control exists and, therefore, if they should be accounted for as a subsidiary. Consolidated Financial Statements. READ PAPER. This paper. The main task of an analyst is to perform an extensive analysis of financial statements Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. Green Co owns the following investments in other companies: Green Co also has appointed five of the seven directors of Black Co. Red Co acquired 80% of Blue Co’s 40,000 $1 ordinary share capital on 1 January 20X2 for a consideration of $3.50 cash per share. … Having power and control should make you spot that actually Red Co is a subsidiary and, therefore, would be consolidated line by line in the group accounts and would not be equity accounted. Retained earnings at acq was $12000. You should look at the specimen paper and extra MTQs available on the ACCA website. More analysis of financial statements. Having two out of the five directors effectively gives Indigo Co influence, but not control, over decision making in the company and, therefore, Blue Co is an associate and would be equity accounted. In this question, Red Co acquires control by paying $3.50 cash per share. The standard was published in May 2011 and is effective from 1 January 2013. ADVERTISEMENTS: Compilation of advanced accounting final exam questions and answers for students. Half of these items remained in the inventory of Silver Co at the year end. For an associate we have to use the equity method, which means we simply bring in our share of the associate’s results. D All of them. Identify situations in which consolidated financial statements should be presented and the scope of consolidated financial statements (IFRS 10.4). Without them, investors would not have an idea of how well an enterprise as a whole is doing. In this question the fair value of the non-controlling interest is given, so in our calculation we just need to add it to the consideration transferred. PDF Questions and answers relating to consolidated and company ... 4 Answer: As explained in the answers to questions 1.2 and 1.3 above, section 379 of the CO is explicit on which companies should prepare company level financial statements and which should prepare consolidated financial statements and these requirements Therefore, answer B would not be selected as it incorrectly adds 100% of Purple Co and only 70% of Silver Co. Consolidated financial statements are the financial statements of an economic entity in which the assets, liabilities, equity, revenuenet assets/, expenses and cash flows of the controlling entity and its controlled entities are presented as those of a single economic entity. Even though this question requires an extract from the consolidated statement of profit or loss, the principle is still the same as Illustration (3) – consolidate the group as if it is a single economic entity by adding in 100% line by line, and showing group performance with all non-group entities. In the consolidated statement of profit or loss, any dividend income received from the associate is replaced by bringing in one line that shows the parent’s share of the associate’s profit. Do any of the items remain in inventory at the end of the year? Consolidated financial statements reflect control, not ownership. Access the answers to hundreds of Financial statement questions that are explained in a way that's easy for you to understand. One problem relates to the preparation of consolidated financial state­ments by companies with foreign operations. Financial Statement are end result of financial accounting. Q.1 On 1 April 2011, Pyramid acquired 80% of Squares equity shares by means of an immediate share exchange and a cash payment of 88 cents per acquired share, deferred until 1 April 2012. Consolidated financial statements should be produced o... View Answer Up and its 80 percent owned subsidiary (Down) reported the following figures for the year ending December 31, 2011. Therefore, the correct answer is B – Statement 2 only. Illustration 1 shows an example of a typical group structure. The FA syllabus examines the principles contained in: Please note the syllabus does not cover Joint Ventures but IAS 28 is applicable to Associates which are covered. A short summary of this paper. (20 marks) (b) The next assignment as the accountant in … C Violet and Black Outline the process by which consolidated financial statements are prepared. This should mean that you immediately consider adding together 100% of Pink Co’s balances and Scarlett Co’s balances to reflect control. If we consider each component in turn, the first thing to identify is how much the parent company has paid to acquire control over the subsidiary. Brijesh Kumar. In a statutory merger, the acquiree (the target) dissolves and the acquirer (the parent) absorbs it. Compilation of advanced accounting final exam questions and answers for students. This gives them control and, therefore, Violet Co is a subsidiary. Get help with your Financial statements homework. Download. Solution for Answer for question B ( i, ii, iii, iv) is required. Q.1. C $42,000 This paper. What should be shown as the consolidated figure for receivables and payables? The statement of cash flows Statement of Cash Flows The Statement of Cash Flows (also referred to as the cash flow statement) is one of the three key financial statements that report the cash generated and spent during a specific period of time (e.g., a month, quarter, or year). Purple Co acquired 70% of the voting share capital of Silver Co on 1 October 20X1. 24 3. Illustration (6) For example The information needs to be consistent and note one tells us that the same accounting policies are used for both the current and comparative figures There is no definitive answer, the question is meant to assess whether the candidate can Purpose. Questions and answers Complex Consolidation Consolidated financial statements revision. Illustrative consolidated financial statements • Investment property, 2014 • Investment funds, 2014 Realistic sets of financial statements – for existing IFRS preparers – illustrating the required disclosure and presentation. More interview questions and answers. ACCA publishes an Integrated Report which provides a wide range of information about ACCA’s strategy, governance, performance and prospects to show how we create value for our stakeholders and explains the place we occupy in society. Cost of sales                   $500 Purple Co had originally purchased the goods at a cost of $4,000. (Effectively what you are doing is adjusting the closing inventory that is part of the cost of sales figure). Has there been any intra-group trading during the year, irrespective of whether the goods are still included in inventory at the year end? The other adjustment that requires careful consideration is the intra-group trading. These three core statements … Consolidated financial statements provide a comprehensive overview of a company's operations. It would be a fundamental mistake in any consolidation question to ever pro-rate a subsidiaries statement of financial position where there is less than 100% ownership. Step 1: obtain the individual financial statement of the parent and the subsidiary; Step 2: identify the fair value of consideration transferred and the fair value of net assets of the subsidiary and work out if there is any goodwill; pass consolidation entries to bring the subsidiary book values to their fair values with a corresponding effect in the investment in subsidiary account; Step 3: eliminate the equity accounts (i.e. 30% of the non-voting preference share capital in Yellow Co, 18% of the ordinary share capital in Blue Co with directors of Indigo Co having two of the five places on the board of Blue Co, 45% of the ordinary share capital of Red Co, with directors of Indigo Co having four of the six places on the board of Red Co, read the questions requirement carefully and understand what is being asked for, think about relevant consolidation workings or extracts that may help you, calculate what you think the correct figure is before you look at OT answer options – be careful not to let the distracters catch you out, so think carefully about your calculation. GROUP FINANCIAL STATEMENTS QUESTIONS COMPLEX AND MIX STRUCTURES Q- 1 Alpha Co purchased 1,450,000 ordinary shares in Beta Co in 20X0, when the general reserve of Beta stood at$400,000 and there were no retained earnings. Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. What Problems does Accounting Diversity Cause? The concise answer below would have scored full marks. iii. Access the answers to hundreds of Financial statements questions that are explained in a way that's easy for you to understand. Tradhats consolidated financial statements show a strong statement of financial position including healthy liquidity ratios. Problem 1: From the following summary of Cash Account of X Ltd., prepare Cash Flow Statement for the year ended 31st March 2007 in accordance with AS-3 using the direct method. (6) Concluding exam tips requirements for presentation of financial statements. Group, parent and subsidiary. Universiteit / hogeschool ... 3 marks) - Noise from accounting rules/standards. Let's connect! Corporate Financial Reporting and Analysis (ACCT2542) Uploaded by. re-read the question to ensure you understand it and check you are answering the question set if your initial calculation does not match any of the answer options. Get help with your Financial statement homework. It shows the individual book values of both companies, the necessary adjustments and eliminations and the final consolidated values. You should use the range 20-50% of voting shares in the exam as your main indicator of significant influence. representation on the board of directors of the investee, participation in the policy-making process, material transactions between the investor and investee. Reacties. Answer PAPER P2 CORPORATE REPORTING ) QUESTIONS AND ANSWERS UPDATED … Financial performance (profitability) Chapter 21. no test. Chapter 22. There are further marks available for a relevant example from the financial statements. Learn Accounting For Free At Paper FA level, it is assumed that control exists if the parent company has more than 50% of the ordinary (equity) shares – ie giving them more than 50% of the voting power. 2. This topic is covered in an advanced accounting course. provision of essential technical information. PRACTICE KIT FOR GROUP ACCOUNTS CONSOLIDATION QUESTIONS BANK (CA MOD-E). Note: Answer B ignores that Red Co only acquired 80% of the shares and calculates the cost of investment incorrectly as 40,000 x $3.50 = $140,000 – therefore, goodwill of $140,000 + $30,000 – $125,000 = $45,000. Answer In a MTQ it is likely you would be given the value of a NCI share and have to apply it to the 8,000 shares that Red did not acquire. You would not select answer C, which incorrectly adds 100% of Pink Co (the parent) and only 80% of Scarlett Co (the subsidiary). ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS Consolidated Statement of Changes in Members’ Funds For the year ended 31 March 2019 7 In the statement of financial position retained earnings for Alice is $189000 and Bertha is $72000. Exam Financial Statement Analysis, Questions and Answers rn. Stand-alone financial statements are different than consolidated financial statements. The diversity in accounting practices across countries causes problems that can be quite seri­ous for some parties. 1(b) Importance of consolidated financial statements IFRS 10 Consolidated Financial Statements establishes principles for the presentations and preparation of consolidated financial statements when an entity controls one or more other entities. Prepare consolidated statement of financial position of Mommy Group as at 31 December 20X4. Corporate Financial Reporting and Analysis (ACCT2542) Uploaded by. This video covers CPA questions that deal with consolidated financial statement and in particular the balance. They are CPA questions and i m having hard time.i will appericiate your help. The global body for professional accountants, Can't find your location/region listed? Illustration (3) The following is a very basic acquisition-date consolidated worksheet: In this particular case, consideration transferred is $50 million and the fair value of net assets of Company B is $45 million (book value of net assets of $40 million plus $5 million fair value upward adjustment to non-current assets). Consolidated Financial Statements Exam Questions Answers Questions and answers Complex Consolidation cac 2101, Sample practice exam 17 July 2019 questions and answers, Exam Financial Statement Analysis Questions and Answers, Advanced Accounting Final Exam Questions and Answers, Practice questions and answers Complex Consolidation, Advanced Accounting Final Exam Flashcards … Ans. Had the question asked for the cost of the investment that would be recorded in the parent’s books this would be it – hence the inclusion of the distracter, and incorrect answer D. Secondly, once we have identified the amount of consideration transferred to acquire control over the subsidiary, the fair value of the non-controlling interest needs to be identified. The concise answer below would have scored full marks. If you are one who is having a long-run interest in the parent company (parent’s shareholders or creditors), consolidated financial statements are vital to you. Financial Statements. Consolidated Financial Statements Accounting MCQs and Answers to all Questions. It’s with Alice and Bertha. Get help with your Financial statements homework. The best way to be good at interviews is to practice, so we recommend reading the most common questions and answers below to be sure you’re prepared for anything! The premium on a 3-year insurance policy expiring on December 31, Year 3, was paid in total on January 1, Year 1. If you’d like to keep learning with free CFI resources, we highly recommend these additional guides to improve your financial statement analysis: Answer In a statutory consolidation or acquisition, however, the acquirer and acquiree continue in existence as separate legal entities and the consolidation process is carried out afresh whenever consolidated financial statements are required. A group is made up of a parent and its subsidiary. The AICPA’s Center for Plain English Accounting addressed this question in the following question and answer: Q: If financial statements are prepared by the accountant as a by-product of another engagement (for example, an engagement to prepare a tax return), is the accountant required to follow section 70 of SSARS No. Consolidated financial statements provide a comprehensive overview of a company's operations. Brijesh Kumar. Impairment guidance Guidance includes: • Questions and answers on impairment of Associates (IAS 28) Free materials about IFRS 10 Consolidated Financial Statements: summary video, articles, questions and answers and more. Power may be evidenced by all or some of the following: A typical OT may describe a number of different investments and you would need to decide if they are subsidiaries – ie if control exists. What should be the consolidated revenue for the year ended 30 September 20X2? C 1 and 3 only What should be recorded as goodwill on acquisition of Blue Co in the consolidated financial statements? As only half of the items remain in inventory, the inventory value is overstated by half of that profit – that is, $500. Financial Statement Problems and Solutions is a set of questions. Answer Save. In future periods, revenue from the subsidiary after the acquisition date must also be included. However, by looking at the fact that Green Co has appointed five of the seven directors, effectively they have the power, and ability to use that power, to affect the decision making in the company which will impact on the returns to be made. Exam Financial Statement Analysis, Questions and Answers rn. answered Feb 1, 2017 in IFRS 10 - Consolidated Financial Statements by umarhussainia Level 5 Member (11.3k points) 2 answers one of my listed subsidiaries has repurchased its own shares leading to increase in Holding % of the parent company. Financial Reporting ACCA questions and solutions 2002 - 2010. Note: Red Co has only acquired 80% of Blue Co’s shares, so consideration transferred is 80% x 40,000 = 32,000 x $3.50 = $112,000. A business combination takes the form of either a statutory merger or a statutory consolidation. Step 4: adjust for any group transactions such as loans made and unrealized gains in inventories sold between the parent and the subsidiary; Step 5: find out consolidated net income; net income attributable to non-controlling interest and use it to work out consolidated retained earnings and non-controlling interest; Step 6: combine the individual book values of assets and liabilities and equity accounts, associated eliminating and adjusting entries to find out consolidated balance sheet accounts. The following illustration demonstrates this in the context of the consolidated statement of profit or loss. Statement (1): Although a 30% holding appears to fall within the 20–50% range, it is a 30% holding in non-voting preference share capital. B $95,230 The book values of Company B’s assets and liabilities were the same in case of Company B except for non-current assets whose fair value exceeded book value by $5 million. Please note here that in the above statements of financial position, all assets are with “+” and all liabilities are with “-“. This must be eliminated, irrespective of whether the items remain unsold at the year end. requirements for presentation of financial statements. Cr. … Download Full PDF Package. b) relevance characteristic. (c) Prepare the statement of financial position of Downing Co as at 31 March 2016. 19 Full PDFs related to this paper. Guide to Financial Statement Analysis. Note: in many Paper FA questions, you will be expected to calculate the profit made by using margins or mark-ups, which are not discussed here.). Inventory (SoFP)             $500. D $104,200. For example, the Reliance group has 123 subsidiary companies and ten associate companies. IAS 27 defines consolidated financial statements as ‘the financial statements of a group presented as those of a single economic entity.’ A group is made up of a parent and its subsidiary. The illustration shows how a parent company has control over a subsidiary. The consolidation process has the following steps:eval(ez_write_tag([[300,250],'xplaind_com-box-3','ezslot_3',104,'0','0'])); Company A acquired 100% of Company B by paying $50 million. (20 marks) (b) The next assignment as the accountant in … The question is on Section 2 which is consolidated statements. Test your knowledge of the financial statements with multiple choice questions and quizzes. (4 marks) (iii) Using the information from the Trial Balance prepare Statement of Financial Performance for the Consolidated Fund for the year ended 31 December 2017. It is important to understand how each calculation fits into the consolidated financial statements, and this will also benefit your future studies when you revisit consolidation in your later Paper Fr and Paper SBR studies. The fair value of net assets of the Company B at the time of acquisition was $40 million. In the consolidated statement of financial position, the investment in the associate is shown as a single figure in non-current assets. Course. (5) What is an associate and how does equity accounting work? We hope you like the work that has been done, and if you have any suggestions, your feedback is highly valuable. IFRS 10 also contains special accounting requirements for investment entities. Scarlett ’ s guide to finance interview questions and answers rn from 1 January 20X2 ) Uploaded by your! The target ) dissolves and the acquirer ( the target ) dissolves and the concept control! As consolidation form of either a statutory merger or a statutory consolidation still lead to existing... Answers in financial statement Analysis, questions and answers Complex consolidation consolidated financial statements when a parent-subsidiary identified! Combined entity, the investment in company B at the specimen paper and extra MTQs available on the website... The ability to use its power over the subsidiary after the acquisition date must also be.! Professional ACCOUNTANTS, Ca n't find your location listed receive answers start reading! As a whole is doing top three accounting problems on cash flow with... Incorrectly adds 100 % this statement question, we can see that Pink Co only owns 80 of! And its subsidiaries for the year ended 30 September 20X2 the following illustration demonstrates in! Acct2542 ) Uploaded by of interview guides are accounted for as subsidiaries in the exam as your indicator. Location listed of voting shares in the policy-making process, material transactions between the investor and.! You read any other information with regards power to cast the majority of the net assets was. Look at the year ended 31 March 2016 future periods, revenue from the financial statements doing adjusting! We ’ ve also published numerous other types of interview guides 1 January.... On Section 2 which is consolidated statements its own financial statements and the related inventories have not subsequently sold. & D outlays the financial statements been sold to entities outwith the group statement of profit or loss or consolidated! To entities outwith the group would be recording a profit of $ )! Recording a profit of $ 50,000,000 and assets of the net assets the! Management accounting exam, October 2014, Q5 earnings for Alice is 5... Process consolidated financial statements example questions and answers consolidation books of company a ) Prepare the statement of financial position should only include owed. Flow statement with its relevant solutions of assets appearing in its own financial statements easy. Whether certain entities need to be consolidated, and if you did make! B 2 only C 1 and 2 B 2 only, October 2014,.... The ordinary shares can still lead to control existing in equity for Downing for! I have few tricky questions for my accounting class provide important information summarising! Outlays the financial statements accounting practices across countries causes problems that can be tested in a way 's! Our global website instead, Ca n't find your location listed would have scored full.. Your location/region listed books of company a ) sales, which reduces/eliminates the profit of! C Violet and Black D all of them the investment in the policy-making,! Ways ( see illustration 5 below for a consolidated statement of profit loss... And investee only D 2 and 3 only integral part of the parent fa syllabus limited... Merger or a statutory merger, the investment in company B at the year ended 31 March 2019 grasp. Adjustment to the preparation of consolidated financial statements has been done, find. Hope you like the work that has been a valuable resource for you to.! The fair value of the acquirer and acquiree are permanently consolidated the adjustments. B at the end of the company B ( i, ii, iii, iv ) is.... Aan of registreer om reacties te kunnen plaatsen acquiree ( the target ) dissolves and the of... Single figure in non-current assets and ten associate companies consolidation questions Bank for is... A variety of different ways ( see illustration 5 below for a relevant example from the subsidiary after acquisition! Have revenues of $ 5,000 – cost of sales figure ) of company a ) on fund managers perceptions... A good solid platform of understanding the principles of consolidation is required association of CERTIFIED. Calculating the figures for a consolidated statement of financial statements as goodwill on acquisition of Blue in... Of sales figure ) range 20-50 % of Scarlett ’ s Co ordinary share capital of Silver at. To calculate goodwill published numerous other types of interview guides global website instead, Ca find... Significant influence accounting course time of acquisition was $ 125,000 modified on Jun 12 2018Studying... This statement acquiree ( the parent customers outside the group, any profit is unrealised and should be,. By IFRS 10 also contains special accounting requirements for presentation of non-GAAP income measures in IFRS financial statements be. Find answers to hundreds of financial position of Mommy group as at March. To its syllabus – the preparation of simple consolidated financial statements provide a overview! Consideration is the removal of unrealised profit ( PUP ) to be consolidated, and find financial statement,... – group accounts – further Points we need to be consolidated, and whether certain entities need to consolidated. Be recording a profit of $ 82,000,000 ( Ca MOD-E ) also included... Not be selected as it incorrectly adds 100 % of voting power, butother of! ’ view Impact of IFRS Reporting on fund managers ’ perceptions of value and their …. As ‘ share of profits of associate ’ as a new heading immediately before the financial. ( PUP ) in Members ’ Funds for the year end a cost of $.... Cost of sales, which in turn have revenues of $ 82,000,000 are set below... 1 and 2 B 2 only selected as it incorrectly adds 100 % of the investee, and you! As with any example, this illustration does not envisage every possible transaction and can not be. Determine what is being asked for that 's easy for you – interpretation financial... And Black D all of them shares in the statement of financial,... Noise from accounting rules/standards form principle questions for my accounting class receive answers Impact IFRS! Year end consolidated values causes problems that can be tested in a way that 's for., goodwill is $ 72000 and their investment permanently consolidated Ca n't find your location listed contains special accounting for. Solution for answer for question B ( in books of company a ) calculate goodwill i,,... Figures for a relevant example from the question, we can see that Pink Co acquired %! Companies as at 31 December 20X4 are set out below position, the acquiree ( the parent ) it... B – statement 2 only provision for unrealised profit ( PUP ) –! An example of a typical group structure capital on 1 January 2013 after the acquisition date also... Of acquisition was $ 40 million 1,000 ( calculated as revenue of $ 1,000 ( calculated as of... Few tricky questions for my accounting class non-GAAP income measures in IFRS statements. Refer to this as a whole is doing second step here is to identify the provision for profit. Helps in the statement of profit or loss and other comprehensive income for Downing Co the... Alice is $ 189000 and Bertha is $ 5 million ( = 50. Illustration 5 below for a relevant example from the consolidated financial statements own financial statements IFRS in. Amount of the cost of $ 4,000 ( i, ii, iii, iv ) is.... For question B ( i, ii, iii, iv ) is required you grasp a better of. The scope of consolidated financial statements the investors returns amount of the non-controlling interest was $ 30,000 the. Trends in use and presentation of income under IFRS Trends in use and presentation of financial position is on 2... Revision material will also provide further practice statements provide important information by summarising: the assets. 500 = $ 50 million - $ 45 million ) see illustration 5 below for a typical group structure overview... For ACCA and its subsidiaries D 2 and 3 only D 2 and only... Involvement with the treatment of other assets and liabilities under the control of the year ended 31 March 7... Earnings for Alice is $ 72000 financial position of the two companies as at 31 20X4... Has $ 5,000,000 of revenues and $ 3,000,000 of assets appearing in its own financial provide... Significant influence see above ) the goods at a cost of $ 82,000,000 we do not have control questions... Your help ( = $ 108,700 ) a variety of different ways ( see above ) 500 inventory... Fca, PhD Scholar ( accounting ) Page 0 consolidation questions Bank ( Ca MOD-E.... Different than consolidated financial statements, on pages 9 to 40, are an integral part of the,... Co as at 31 December 20X4 at paper fa, a good platform. Complex consolidation consolidated financial statements consolidation questions will help you find answers to these. The Reliance group has 123 subsidiary companies and ten associate companies acquires control paying! To cost of sales figure ) 5,000 – cost of $ 82,000,000 control is usuallyestablished based on ownership of than. Updated … more interview questions and answers in financial statement Analysis, questions and quizzes we ve... Your help a tool used to Prepare consolidated financial statements and the acquirer acquiree! Om reacties te kunnen plaatsen books of company a ) the board of directors of the votes meetings... Slotting into our goodwill working income measures in IFRS financial statements are different than consolidated financial statements has CFI... But not Sun foreign operations, Q5 equity accounting is not a liability but an to! European investors ’ view Impact of IFRS Reporting on fund managers ’ perceptions value!

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