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ACCA - FR > Chapter 3: Consolidated statement of profit or loss and other comprehensive income > Flashcards

Chapter 3: Consolidated statement of profit or loss and other comprehensive income Flashcards

1
Q

NCI of Pnl

A

NCI % x Sub’s profit for the year

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2
Q

Intra group trading adjustment - sale of goods

A

Dr group revenue
Cr Group Cos

Remove full value of revenue and COS !!

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3
Q

Intra group trading adjustment - inventory at year end

A

Dr COS
Cr Inventories (SFP)

adjustment made in the books of company making the sale

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4
Q
A
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ACCA - FR (6 decks)

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