CONCLUSION


In this question, there are no intra-group balances and transactions. I plan to adapt the question to include them so that you can see how this information can be handled in group accounts.

Similarly, this question only looks at consolidated statement of financial position to the exclusion of consolidated profit or loss and other comprehensive income. This same question will equally be adapted to do a treatise on how to solve questions on consolidated income statement.

If you really enjoy the ride don’t hesitate to send a comment to me using the field box below. Your questions and suggestions are also welcome.

ACKNOWLEDGEMENT
I am grateful to the Institute of Chartered Accountants of Nigeria (ICAN) for the use of its past question. 

DISCLAIMERS
All the views and points in these blog materials are solely the opinion of the author. They are neither the opinion of ICAN nor her marking scheme.


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