Articles tagged with: SUBSIDIARY
BUSINESS COMBINATION »
Do we need to pass an entry for share of loss / profit in joint venture in the books of subsidiary stand alone books FS and also the same in the books of parent company stand alone books.
or to be considered only for out of books consolidation purposes.
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BUSINESS COMBINATION, CONSOLIDATION, DOCUMENTS »
Dear Every one,
Can any one help to solve the following problems:
Say, XY is a joint venture company between X & Y with 70:30 proportion with issued capital of $100. Now, Y intends to offload its share to Z company for a consideration of $ 80.
Now the question is how this investment would be shown in Z company’s F/S and which IAS/IFRS will cover this transaction ?
Also can any one share reconciliation between IFRS and US GAAP F/S ?
Advance thanks to every one
My answer would be the following:
Y has a …
Would you please explain me what is the difference between affiliates
and subsidaries, and then if there is any difference in accounting
treatments.( i am asking these question w.r.t an investment co.)
2nd thing is how i will treat the personal expenses of a partner which
are being paid by the co. and where i have to show it in the balance
The shares of subsidiary company should be owned by holding company
but for affiliates, the relationship is a connected party.
Thanks and regards
Thanx for your reply, dear would you please explian me more, …
LOCAL GAAP vs IFRS »
Do anyone know where I can download copy of US GAAP and US GAAP APB?
Thanks Dessanti for your answer
Our position is less than 1%, we bought in the active market Euro a
little position to speculate in market price.
The IAS 39 don’t include equity investment as applicable financial
asset to recognized the gain or loss in foreign exchange in the
current period income statement, as its explain as follows:
Available-for-sale financial assets (AFS)…. … Fair value changes on
AFS assets are recognised directly in equity, through the statement of
changes in equity, except for interest on …
I need your suggestion.
Hmm… I just already join as a DETASERING in a NEW telecomunication
company, a subsidiary of my previous company. Just for your
information, the holding company is a company that related to supply
We couldn’t adopt an accounting polcies from the holding. So, I must
try to make some accounting policies that implicable dan suitable for
this new company. Is there someone could help me to give an
information about accounting treatment for this company? Is there
special principt or regulation about telecomunication. Oyash, we have
a plan to sale in a wholesale? …
AUDIT, BUSINESS COMBINATION, CONSOLIDATION, DOCUMENTS, FAIR VALUE, IFRS, INTERNAL AUDIT »
AUDIT, CONSOLIDATION, DOCUMENTS, IAS 36, IFRS »
We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item.
Theses equity investments were made without the intention of take control on any company, just receipt the dividends and sale it in a high level.
The standard applicable to AFS is IAS 39 even if the investment is in a currency other than your own reporting currency.
Despite the managerial intention, if the percentage of interest owned, directly or indirectly, by your company is …
A holding company had a subsidiary which is 100% owned. In 6 March 2006, the subsidiary issued new shares from $2 to $50,000 which changed the shareholdings from 100% to 40%. As I read this is considered as deemed sale. The year ended of the holding company and the subsidiary is 31 December 2006.
These are my queries:
In view of the Holding company, how much is the equity take up considering the date of deemed sale?
In view of the holding company, how to compute for the gain/loss of the deemed …
Can you please advice me on the calculation of minority interest.
the case is like as below
The subsidary company has credit balance in the share application money and the share premium from parent company. the parent company is holding 60% shares in the subsidiary. so while calculation minority interest do we need to consider share application and share premium or only equity capital and other reserves will be considered.
While calculating minority interest consider the share premium and application money with equity capital and reserves.
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CONSOLIDATION, DOCUMENTS, FAIR VALUE, IFRS »
CONSOLIDATION, DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 2, IAS 39, IFRS »
Quik question for the group.
How would you record transfer pricing charges to a foreign subsidiary above the profit line in the P&L? Specifically, if the TP charge is US$ 1.0MM – I understand the parent side would be an entry to a revenue account; however, the question is how to record it on the subsidiaries books (i) as a Cost of Sale or (ii) as a contra revenue?
I am treating it as revenue to the parent and COGS to the sub – looking for arguments that it should be treated …
This is Muhammad Naveed
I have a query regarding the consolidation of subsidiaries. Does IAS-27 allow us to not consolidate subsidiaries which are immaterial for the group?
Is it specifically mentioned somewhere in IAS?
Actually materiality is an underlying concept of the Financial Statements.So anything which is immaterial needs not to be disclosed or adjusted.
Thanks and regards
IAS 1 is the overall standard to refer to:
Materiality and Aggregation
29. Each material class of similar items shall be presented separately in the financial statements. Items of a dissimilar nature or function shall be presented separately unless …