- 5 Marks
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?
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