Great video and well detail but i noticed some errors in the profit and loss of Holly the PBIT is 37-8 supposed to be 29 and 29-5=24 Kindly cross checked
Hi! May I know which video I can watch with regards to Foreign Currency Group Consolidation with intra group transactions? For example, parent's books is recorded in Euro and the subsidiary is recorded in US$. Upon consolidation, the subsidiary's financial statements have to be translated into Euro. Then the intra group transactions have to be eliminated. I am unable to find such video on this topic. Kindly advise. Many thanks.
Hi Chin, did you by any chance manage to find a video/example on this topic? I'm currently also preparing for my exam and an example like this is more than welcome:)