Parent Company – Knowsia

CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

Question

A parent company has a year-end of 31 December 2023. One of its subsidiaries has a year-end of 30 June 2023, and another has a year-end of 30 September 2023.

Required:
What figures should the parent include in its consolidated financial statements in respect of these subsidiaries?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Financial Statements, IFRS 10, Parent Company, Reporting Period, Subsidiary Reporting
Level: Level 3

Topic: Consolidated Financial Statements (IFRS 10)
Series: Nov 2024

FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

Question

Explain why consolidated financial statements are useful to the users of financial statements as opposed to just the parent company’s separate financial statements.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Goodwill, Parent Company, Statement of Financial Position
Level: Level 2

Topic: Consolidated Financial Statements
Series: MAY 2019

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

Question

What are the disclosure requirements of a parent company that is exempt from preparing consolidated financial statements and elects not to do so and instead prepares separate financial statements?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation Exemption, Disclosure Requirements, IFRS 10, Parent Company, Separate Financial Statements
Level: Level 3

Topic: Consolidated Financial Statements
Series: NOV 2021

CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

Question

A parent company has a year-end of 31 December 2023. One of its subsidiaries has a year-end of 30 June 2023, and another has a year-end of 30 September 2023.

Required:
What figures should the parent include in its consolidated financial statements in respect of these subsidiaries?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Financial Statements, IFRS 10, Parent Company, Reporting Period, Subsidiary Reporting
Level: Level 3

Topic: Consolidated Financial Statements (IFRS 10)
Series: Nov 2024

FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

Question

Explain why consolidated financial statements are useful to the users of financial statements as opposed to just the parent company’s separate financial statements.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Goodwill, Parent Company, Statement of Financial Position
Level: Level 2

Topic: Consolidated Financial Statements
Series: MAY 2019

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

Question

What are the disclosure requirements of a parent company that is exempt from preparing consolidated financial statements and elects not to do so and instead prepares separate financial statements?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation Exemption, Disclosure Requirements, IFRS 10, Parent Company, Separate Financial Statements
Level: Level 3

Topic: Consolidated Financial Statements
Series: NOV 2021

Question Tag: Parent Company

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CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

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CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

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FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

You're reporting an error for "FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)"

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

You're reporting an error for "CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements"

CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting

Discuss the appropriate reporting figures a parent company should include in its consolidated financial statements when its subsidiaries have different reporting dates.

You're reporting an error for "CR – Nov 2024 – L3 – Q4b – Consolidation and Financial Reporting"

FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)

Explain the usefulness of consolidated financial statements

You're reporting an error for "FR – May 2019 – L2 – Q1a – Consolidated Financial Statements (IFRS 10)"

CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements

Explain the disclosure requirements for a parent company that is exempt from preparing consolidated financial statements and elects to prepare separate financial statements under IFRS 10.

You're reporting an error for "CR – Nov 2021 – L3 – Q4b – Consolidated Financial Statements"

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