In this tutorial you shall journey with me into the maze of how to prepare a consolidated statement of financial position (or group balance sheet as it was formerly known). Here I shall use an illustrative exercise which is the recent Corporate Reporting compulsory question no 1 of May 2015 diet examination of the Institute of chartered Accountants of Nigeria (ICAN). So, pay close attention and follow along as I solve the question and alongside explain the details and secrets of the ‘how’ of preparing a consolidated statement of financial position. Please move to the next page for the question.   PAGE:            1   2   3   4   5   6   7   8   9   10   11   12   13