IFRS 10

5 disadvantages of consolidated financial statements

5 disadvantages of consolidated financial statements.

Consolidated financial statements are the “Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity”.



The following are shortcomings of consolidated financial statements:

Unprofitable companies are set off against

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2020 Updated list of international financial reporting standards (IFRS)

The following is the list of international financial reporting standards:

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Revision question on IFRS 10 (NBAA C1 NOV 2018)



Utata is a private mutual fund registered under the laws of Tanzania for over 20 years. Utata obtains funds from a large group of investors and provides those investors with returns and investment management services. Utata‚Äôs main business line has been to acquire portfolios of undervalued investments from diverse range of entities and later resell … Read the rest