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Chapter 19

Associates

Outcome

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

 define an associate and explain the principles and reasoning for the use of
equity accounting

 prepare a consolidated statement of financial position for a simple group,
including an associate

 prepare a consolidated statement of profit or loss for a simple group, including
an associate

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 19 of your Study Text

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