Page 6 - PowerPoint Presentation
P. 6

CONSOLIDATIONS AFTER THE DATE OF ACQUISITION




            Consolidation process








            • No journal entries to get to starting point


                    • If controlled at year end  - TBs added


                    • If not controlled at year end - TBs not added


            • Pro-forma journal entries



                    • Processed to get from starting to end point


                    • Done every year from scratch using current year TB


                           • Not IFRS - conceptual convention

                           • Often asked in tests and exams and ITC















                                                                                                                                    6
   1   2   3   4   5   6   7   8   9   10   11