FAC2602 - Selected Accounting Standards And Simple Group Structures (FAC2602)
Exam (elaborations)
FAC2602 Learning Unit 1 2022
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Course
FAC2602 - Selected Accounting Standards And Simple Group Structures (FAC2602)
Institution
University Of South Africa
FAC2602 Learning Unit 1 2022.
Selected Accounting Standards And Simple Group StructuresThe following is an example of such a group:
75% of the control by
means of 75% of the
share capital
a) P Ltd is the parent. (P Ltd holds more than half of the issued share capital and it
is assumed also m...
fac2602 selected accounting standards and simple group structures
selected accounting standards and simple group structures
fac2602 learning unit 1 2022
Written for
University of South Africa
FAC2602 - Selected Accounting Standards And Simple Group Structures (FAC2602)
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FAC2602
Learning
Unit 1 2022
, LEARNING OUTCOME
You should be able to identify and define a business combination, a parent and
subsidiary company as well as simple groups in relation to International Financial
Reporting Standards (IFRS).
OVERVIEW
1.1 INTRODUCTION ................................................................................................... 2
1.2 BUSINESS COMBINATION, PARENT AND SUBSIDIARIES .............................. 2
1.3 ACCOUNTING FOR GROUPS ............................................................................. 6
1.4 GENERAL PRINCIPLES ....................................................................................... 7
1.5 EXERCISES .......................................................................................................... 8
SELF-ASSESSMENT ...................................................................................................... 9
KEY CONCEPTS
• Business combination
• Acquisition and control
• Parent and subsidiaries
• Share capital
• Simple group
• Complex group
1
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