Farley And Partners

Group Accounting

Covers more advanced topics relevant to group accounting, including step-acquisition and disposals as well as issues relevant to consolidation in a multicurrency environment.

Advance consolidations

  • Step acquisitions
  • Disposals

IAS 21: The Effects of Changes in Foreign Exchange Rates

  • Accounting for foreign exchange transactions in single entity financial statements
  • Acquisition of a foreign operation including the closing rate method of consolidation
  • Foreign exchange differences
  • Disposal of a foreign operation

IAS 29: Financial Reporting in Hyperinflationary Economies

  • Definition of hyperinflationary
  • Restatement of financial statements
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