top of page
Search

Equity accounting

  • Writer: Thomas Tsang
    Thomas Tsang
  • Dec 14, 2019
  • 1 min read

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.

 
 
 

Recent Posts

See All
Audit thinking logic

What are we going to audit - revenue, trade receivables, unquoted equity investments, trade payables, etc What audit procedures (nature, timing) to be performed to ascertain each of the assertions Wha

 
 
 
Audit schedule provided by client in audit

Before we place reliance on audit schedule provided by client in an audit engagement, we are required to ensure the completeness and accuracy of the audit schedule. In order to address the issue, we n

 
 
 
Enterprise value

In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...

 
 
 

Comments

bottom of page