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Chapter 18

Consolidated statement of profit or loss

Outcome

By the end of this session you should be able to:

 prepare a consolidated statement of profit or loss and consolidated statement of
profit or loss and other comprehensive income for a simple group, dealing with
an acquisition in the period and recognition of non-controlling interest

 account for the effects of intra-group trading

 account for the effects of fair value adjustments to:

– non-current assets

– inventory

– assets and liabilities not included in the subsidiary’s own statement of
financial position

 account for goodwill impairment

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 18 of your Study Text

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