a) Explain what is a consolidated financial statement in accordance to MFRS 10 Consolidated Financial Statement. Your answer should include the exception to preparation of consolidated financial statement. 

b) Identify the investments owned by BPSB which should be accounted in the consolidated financial statements and explain the method of accounting which is required for each investment. Your answer should be substantiated by relevant MFRS. 

Answer rating: 100% (QA)

Answer i The financial position financial performance and cash flows of a group of companies are sho... View the full answer