Today we are going to look at consolidated accounts - AS you know from last week - We are required to produce signle entity accounts where one company controls another (against legal form principle but in line with reporting requirements - single entity concept)
I will take you through the 5 steps of consolidation that you will need to be able to do for your exam and explain the terminology and rationale for the steps.
Lecture notes are here:
http://www.scribd.com/full/26296753?access_key=key-23evrwe0u9l7b0d967qb
We will do x2 short activities involving creating a group SOFP based on 100% control and less than 100% control as I am told some of you want to go and watch an important Leeds United match today!
See you in class
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