Standards for Group accounts
13 September 2012
This article explores Accounting Standards relevant to Group Accounts.
Technician Level students need to know a little about the Financial Reporting Standards which link to the concepts underpinning the preparation of consolidated accounting statements.
These Standards include:
• FRS 2 Accounting for Subsidiary Undertakings
• FRS 6 Acquisitions and Mergers
• FRS 7 Fair Values in Acquisition Accounting; and
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