Your one stop thread for all things off topic (aka "Study Buddy II")
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Don't do what I did which is to learn the consolidated balance sheet inside out only to have them ask for a consolidated income statement.
Cheese and fried onion toastie sounds yummy.
A quicky am kinda ok with Consolidated income apart from bottom equity bit what happens with non-controlling interest and parent bit on it?0 -
Alright then why in the answer ti the CSoI does it have on the bottom:
Atributabe to:
Equity holders of the parent xx
Minority interst xx
Getting them all right except for unrealised profit - keep missing it, and the equity thing, should this laways be on bottwm of CSoI?
And order a cheese and fried onion toastie for me please
Thank god it's not just me!0 -
A quicky am kinda ok with Consolidated income apart from bottom equity bit what happens with non-controlling interest and parent bit on it?
Looks like you just show value of their interest in the profit ie parent 80% and sub 20% just that I didn't realise it should be included
NO no no, thats rubbish sorry Vicky, subsidiaries amount should be their holding in their profit
IE
parent holds 80% of subsidiary
Subsidiaries profit after tax £1000
Consolidated Profit after tax £5000
Equity bit at bottom consolidated statement would be:
Equity holders of parent £4750
NC Interest £2500 -
Looks like you just show value of their interest in the profit ie parent 80% and sub 20% just that I didn't realise it should be included
NO no no, thats rubbish sorry Vicky, subsidiaries amount should be their holding in their profit
IE
parent holds 80% of subsidiary
Subsidiaries profit after tax £1000
Consolidated Profit after tax £5000
Equity bit at bottom consolidated statement would be:
Equity holders of parent £4750
NC Interest £250
Fab thanks
I really hope there is a balance sheet i know strange its just i like them more0 -
excuse me ......is this a chat thread or a work thread.........certianly looks like some people are trying to ask proper questions !!!!
anyway good afternooon everyone !0 -
mark130273 wrote: »excuse me ......is this a chat thread or a work thread.........certianly looks like some people are trying to ask proper questions !!!!
anyway good afternooon everyone !
Good afternoon Mark, sincere apologies, unfortunately at the moment its DFS every waking hour0 -
mark130273 wrote: »excuse me ......is this a chat thread or a work thread.........certianly looks like some people are trying to ask proper questions !!!!
anyway good afternooon everyone !
Excuse me...with a picture like yours....kettle pot black....comes to mind LOL0 -
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mark130273 wrote: »ok .....so when the exam ?
Wednesday0 -
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a lot of people seem to be taking DFS0
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mark130273 wrote: »so im guessing your cacking yourself.....they seem earlier than usual !
ive got one of mine on the 8th
You changed it......sneeky knickers
Apparently they are a week earlier than last year..............good luck everyone...YOU CAN DO IT.....xxxxx0 -
mark130273 wrote: »so im guessing your cacking yourself.....they seem earlier than usual !
ive got one of mine on the 8th
you sitting law then?0 -
messedup89 wrote: »you sitting law then?
thats the one !!!!0 -
mark130273 wrote: »thats the one !!!!
Hey mark am gutted college arnt doing law first their doing tax grrr0 -
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mark130273 wrote: »you wouldnt want to do law first.....it just so hard !!!!
isn't it better to get it out of the way?0 -
messedup89 wrote: »isn't it better to get it out of the way?
aslong as you pass it ......then yes.........0 -
Awright troops0
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Reading posts on here about Consolidated income statements and equity I am really confused! I really need to learn Consolidated I/S.
I actually had ham, cheese and mushroom omelette but was a great break from revision!!!0 -
JayneHogan wrote: »Reading posts on here about Consolidated income statements and equity I am really confused! I really need to learn Consolidated I/S.
I actually had ham, cheese and mushroom omelette but was a great break from revision!!!
Just had stag chilli and ready to face 'further aspects of group accounts' chapter in BPP revision book. Bring it on!0 -
lucky you...........i had chicken roll butty...wow0
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Stag chilli?
I had veggie curry cos that's pretty much all I had left in the freezer, going to have to get cooking at the weekend.0 -
mind you i have got an asda pizza for tea ?yummmmmmmmmmmmy0
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Just having my lunch now
meat and spud pie 0 -
lol why do i have a mental picture in my head of you with anterlers coming out of your mouth lol0
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Well, thats Blitzen gone.............Mrs Claus will just have to pull the sleigh this year!!!0
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lol why do i have a mental picture in my head of you with anterlers coming out of your mouth lolJayneHogan wrote: »Well, thats Blitzen gone.............Mrs Claus will just have to pull the sleigh this year!!!
do you mind I'm supposed to be practicing questions 0
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