Preparing group accounts
13 September 2012
In preparing for assessment at Unit 11 Technician level AAT’s need to develop competence in the preparation of group accounts and this article considers the Consolidated Balance Sheet.
Students will be aware of terms as merger and takeover as they are often the subject of television news items. For example in recent years we have seen the Walmart acquisition of Asda for £6.2 billion and the Royal Bank of Scotland takeover of Nat West which involved capital in excess of £20 billion.
In the Walmart/Asda example above, Walmart is the parent company and Asda...