FAR Consolidation

This topic contains 2 replies, has 2 voices, and was last updated by  AndreA 1 week, 1 day ago.

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  • #2627121

    AndreA
    Participant

    Are there any differences between Consolidated Statement of Comprehensive Income and Statement of Comprehensive Income? and any differences between Consolidated Statement of Changes in Equity and Statement of Changes in Equity

    FAR 73,

    AUD

    REG

    BEC

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what makes it great."

     

    #2631657

    CPAHOPE
    Participant

    Statement of comprehensive income and equity refer to only one company and consolidation refers to more than one company's financials being consolidated into one entity

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 79

    FAR

    REG 79

    AUD

    BEC

    #2631960

    AndreA
    Participant

    That’s a problem. Do we need to combine Parent and Subsidiary accounts or not? Because on the Consolidated Balance Sheet and Income Statement we would exclude Parent’s Investment in Subsidiary and Income.

    FAR 73,

    AUD

    REG

    BEC

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what makes it great."

     

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