Preparing Consolidated Accounts
13 September 2012
Students preparing for assessment in Unit 11, Drafting Financial Statements need to be competent in the preparation of consolidated (group) accounts.
This introductory paper to this fascinating topic focuses on the Consolidated Balance Sheet.
Many readers of the Study Zone will be familiar with the terms ‘takeover’, ‘merger’ etc, if only from the reading of the business section of a ‘good newspaper’ or from television news reports.
For example, in the supermarket sector the acquisition of Asda Plc, by...