Consolidated balance Sheets

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can anyone help me with this topic in DFS. I can work out the minority interest for Share capital, Share premium and Revaluation reserves. But I just can't get the retained earnings before and after aquisition right.
I have looked at the text book and the assessment kit and my notes, but I just can't get my head round this.
Could any one point me in the right direction please.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Consolidated balance Sheets

    Hi
    I practiced from Osborne Books not sure which one are you practicing.
    If you have a copy of Osborne , look at the Workbook page 63. task 8.12 , and then see the answer on this question on the Tutor Pack page 47.

    Here is an example :
    At the beginning the retained earnings is £500, at the year end it's £700.

    That’s why retained earnings need to be split up , as

    At Acquisition: £500

    Since acquisition : £200

    Which makes the total £700


    Sorry if I can’t explain this simply



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