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.
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