When a company with associate but without subsidiary, the company still equity account for the associate even though we don’t call it consolidated financial statements. It is mentioned in FRS28, IN section.
For Companies Act compliance, company level financial position is required to present. Thus, we can still call group and company. The whole presentation is same as consolidated financial statements even though we don’t call it as such.
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe
In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio