Approaching Consolidation Questions – CSOCE
This is the final article on approaching consolidation questions which will focus on preparing the consolidated statement of changes in equity (CSOCE). The first article in this series focused on preparing the CSOFP, while the second article focused on preparing of the CSPLOCI. With both these financial statements prepared, the final statement to be prepared (ignoring the CSOCF which will be for another day!) is the CSOCE.
The CSOCE can often be neglected by many students as they put their focus on mastering the CSOFP + CSPLOCI and its associated adjustments.
Materials
The core article is available here (Approaching Consolidation Questions – CSOCE)
Example Question (CAP2 FR A’14 Q2 – Gamba Plc – available on CAI website using log in)
Example Solution + Suggested Steps (CAP2 FR A’14 Q2)
Articles
The three articles in this series are;
- Comparing approaches to consolidation questions (Preparing the CSOFP);
- Preparing the CSPLOCI;
- Preparing the CSOCE (Above);
Happy consolidating (!)
thanks i am a cima student i will use this to cement my knowledge on consolidation