- 7 Marks
FR – Mar/Jul 2020 – L2 – Q3a – Exceptions to Consolidated Financial Statements Under IFRS 10
Explain the exceptions to the requirement for a parent to prepare consolidated financial statements according to IFRS 10.
Question
International Financial Reporting Standards (IFRS 10) – Consolidated Financial Statements states that a parent must prepare consolidated financial statements for the group as a whole.
Required:
Explain the exceptions to this rule according to IFRS 10. (7 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Consolidation, Exceptions to Consolidation, Financial Reporting, Group Accounts, IFRS 10
- Level: Level 2
- Topic: Consolidated Financial Statements
- Series: MAR/JULY 2020
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