Consolidated Accounts Balance Sheet

Consolidated Accounts Balance Sheet Home Page» parentage & economic system» Accounting Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED respite SHEET Definition of a Group Under IAS 27 Consolidated and disassociate Financial Statements, a assort exists where one enterprise (the parent) controls, every directly or indirectly, another enterprise (the accessory). A group consists of a parent and its subsidiaries. Definition of Control Under IFRS 3 Business Combinations, control is defined as the power to govern the financial and operating policies of an entity or business so as to mother benefits from its activities. Control is presumed to exist when > 50% of the ordinary share gravid (voting power) of another enterprise is acquired. Control may exist when < 50% of the ordinary share capital of another enterprise is acquired. cover Control P S1 S2 S3 S4 Indirect Control P 80% P owns 80% of S MI owns 20% of S S c% 75% P owns 80% of 75% of SS 60% MI owns 20% of 75% of SS 15% MI owns 25% of SS 25% 60% 40% SS P holds a controlling interest in S which in morsel holds a controlling interest in SS. SS is therefore Is this try out helpful? Join OPPapers to read much and access more than 350,000 just like it! GET BETTER GRADES a subsidiary of a subsidiary of P, in other words, a sub-subsidiary of P.

A 60% A owns 60% of B MI owns 40% of B 100% B A owns 60% x 75% of C 45% 75% MI owns 40% x 75% of C 30% MI owns 25% of C 25% 45% 55% C P 80% P owns 80% of S MI owns 20% of S 100% S 10% P owns 10% of SS 10% P owns 80% x 75% of SS 60% 75% MI owns 20% x 75% of SS 15% MI owns 15% of SS 15% 70% 30% SS In this example, SS is a sub-subsidiary of P... If you pauperism to get a full essay, order it on our website: Ordercustompaper.com

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