Search found 5 matches
- 01 Jul 2022, 03:42
- Forum: General accounting and financial reporting discussion
- Topic: Deconsolidation for group of companies
- Replies: 6
- Views: 4452
Re: Deconsolidation for group of companies
If the subsidiary was part of the group during year, you have to include it in consolidated P&L up to the date of deconsolidation. Ps. Specific presentation rules apply if this subsidiary satisfies definition of a discounted operation: https://ifrscommunity.com/knowledge-base/discontinued-opera...
- 01 Jul 2022, 03:41
- Forum: General accounting and financial reporting discussion
- Topic: Deconsolidation for group of companies
- Replies: 6
- Views: 4452
- 29 Jun 2022, 09:28
- Forum: General accounting and financial reporting discussion
- Topic: Deconsolidation for group of companies
- Replies: 6
- Views: 4452
Re: Deconsolidation for group of companies
Thanks for your reply, but what about the standards according to financial reporting - is the income statement of the dissolved subsidiary to be aggregated to the consolidated income statement for the FY? Since the subsidiary will be dissolved in current FY, technically it will not show up in the co...
- 29 Jun 2022, 05:55
- Forum: General accounting and financial reporting discussion
- Topic: P&L or P/L?
- Replies: 9
- Views: 4883
Re: P&L or P/L?
I'm almost always be using P&L
- 29 Jun 2022, 05:17
- Forum: General accounting and financial reporting discussion
- Topic: Deconsolidation for group of companies
- Replies: 6
- Views: 4452
Deconsolidation for group of companies
In this group of companies there are 5 companies involved, 1 holding company and 4 subsidiaries. One of the subsidiaries is going through voluntary dissolution in the middle of the financial year, derecognising of the assets, liabilities and NCI of the subsidiary will take place in the month of diss...