F4 m3 basic consolidation - Study guides, Class notes & Summaries

F4-M3: BASIC CONSOLIDATION CONCEPTS EXAM 2024 Last document update:   ago

under the voting interest model, consolidated FS are prepared when - ANSWER ☑☑a parent-subsidiary relationship has been formed an investor is considered to have parent status when - ANSWER ☑☑control over an investee is established or more than 50% of the voting stock of the investee has been acquired under U.S. GAAP, all majority owned subsidiaries must be consolidated except when - ANSWER ☑☑significant doubt exists regarding the parent's ability to control the subsidiary, ...