Under AASB 127 all consolidation differences and related costs must be assigned to the ultimate parent in the partial method.

Question

Quizplus · Accepted Answer

AASB 127 does not specify that all consolidation differences and related costs must be assigned to the ultimate parent in the partial method. It focuses on the preparation and presentation of consolidated financial statements for a group of entities under the control of a parent.

Under AASB 127 All Consolidation Differences and Related Costs Must