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CIMA F2 > Chapter 5 - Associates and Joint Ventures > Flashcards

Chapter 5 - Associates and Joint Ventures Flashcards

1
Q

Investment in associate (normal)

A

Cost of associate
Our share of associate’s profit AFTER DIVIDEND PAID
Impairment

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2
Q

Retained earnings of associate

A 
Our share of associate's post acquisition RE
Full impairment (no NCI, so not split between RE and NCI)
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3
Q

Consolidated receivables

A

Parent + Sub

Note: associate is EQUITY ACCOUNTED!!

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4
Q

Consolidated profit before tax

A

Parent + Sub + Our share of associate’s PROFIT AFTER TAX

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5
Q

Consolidated TCI

A

Parent + Sub + Our share of associate’s TCI

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CIMA F2 (8 decks)

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