Help...Need an answer before tomorrow!!!!!

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Does anyone think there is a possability that we will be asked to do a P+L or a BS for a parent company with a subsiduary and an associate?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help...Need an answer before tomorrow!!!!!

    I've been wondering the same! I've glanced at Associates but not sure whether to put time into studying it further!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help...Need an answer before tomorrow!!!!!

    hope not or im buggered and will have to retake yet again!!

    My advise is to STOP!! stop revision stop worrying, go and get that bottle of wine out the fridge, put your feet up and watch some TV!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help...Need an answer before tomorrow!!!!!

    Its not the wine I need right now...its the brown paper bag it comes in...I am Hyperventilating now thinking about this parent and sub + associated thing. I cant even begin to get my head round it cause everytime I learn something new it pushes some old stuff out.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help...Need an answer before tomorrow!!!!!

    I feel the same as you disco1!!
    I started trying to understand the associate stuff and it confused me about the P&L account for the subsidiary companies!! I'm not going to bother about them!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help...Need an answer before tomorrow!!!!!

    Well Bella....at least if we fail we wont be on our own.....
    I did a revision course with FTC a few weeks ago and they never included it so I think we should be ok. If anything it will be a question like June's paper on working out the investment....Good Luck.

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