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  5. FAC2602 - Selected Accounting Standards And Simple Group Structures (FAC2602)

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FAC2602 Learning Unit 1 2022
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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...

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  • September 4, 2022
  • 10
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • fac2602
  • fac2602 learning unit 1
  • fac2602 selected accounting standards and simple group structures
  • selected accounting standards and simple group structures
  • fac2602 learning unit 1 2022

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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




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