DFS - Quick question

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GemmaLouise
GemmaLouise Registered Posts: 56 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Just a thought..

If when asked to produce a consolidated B/S and the ordinary shares were 0.50p per share instead of £1 would this just affect the working when working out the % of what the parent owns.

When working out the net assets for the subsidiary the share capital and share premium would be the figures from the SFP!?

Thankyou!

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  • swirlywirly
    swirlywirly Registered Posts: 26 Regular contributor ⭐
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    I've been told that it will ALWAYS be £1 per share in the exam, and they won't change it to trip us up. So I've not even thought about what happens if the amount is different!

    Thinking about it, you wouldn't need to take the value into account when working out % ownership, as you can just go by no. of shares for that.

    I'm sorry I don't know what you mean by SFP?
  • mini_schnauzer
    mini_schnauzer Registered Posts: 347 Dedicated contributor 🦉
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    SFP = Statement of Financial Position
  • Lyn32
    Lyn32 Registered Posts: 85 Regular contributor ⭐
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    SFP is a "Statement of Financial Position" in other word is a (balance sheet) SFP is a new terminology changes in DFS Dec exams. Print the changes to DFS in AAT Website.
  • GemmaLouise
    GemmaLouise Registered Posts: 56 Regular contributor ⭐
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    Ah thats not a problem then if itl always be £1!!

    Thanks for the help!!!

    Gemma
  • swirlywirly
    swirlywirly Registered Posts: 26 Regular contributor ⭐
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    Oh right, thanks! Just couldn't figure out what the letters meant!!

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