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Chapter 20

Consolidated Statement of Profit or Loss

and Other Comprehensive Income

Outcome

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

 Prepare a consolidated statement of profit or loss for a group of companies.

 Explain the treatment in consolidated financial statements of pre and post-
acquisition reserves, goodwill (including its impairment), unrealised profit, intra-
group transactions and dividends.

 Calculate non-controlling interests.

 Adjust for mid-year acquisitions.

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapters 21 of your Study Text

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