only answer part A

Task 1: A. You have been newly appointed as the Chief Accountant of Hanover Holding Corporation SAOG (Hanover Corp). Hanover Corp is a public limited Company which is listed on the Muscat Securities Market. Hanover Corp specializes in manufacturing electronic home appliances such as microwave ovens , refrigerators and other kitchen appliances. On 1* January 2019, Hanover Corp acquired a majority shareholding of Sandrigo Corporation SAOG. As per the requirements of the regulators, the Capital Market Authority of Oman, all Omani listed Companies are mandated to prepare Financial statements in accordance with relevant International Accounting Standards(IAS) / International Financial Reporting Standards (IFRS). Even though you are experienced accountant, this is your first job working for a holding Company. You look up the requirements of IFRS 10- Consolidated Financial Statements and prepare notes that would assist you in the actual preparation of Consolidated Financial statements. You take notes about the objectives, key definitions, Accounting requirements especially those relating to preparation of Financial statements and the consolidation procedures. B. To further fortify your knowledge and skills of application, you look up an existing holding Company listed on Muscat Securities Market and study the key details of percentage of holding, principal activities, country of incorporation of both subsidiary and associate companies and add it to your notes