Author: indiafreenotes

The Entrepreneur Understand that as the entrepreneur, you are the center of the universe. Without entrepreneurs, there is no startup…

Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material (both indigenous &…

Not all entrepreneurs are from a sound financial background. Most will need initial loans on reasonable interest rate in order…

Ethical manufacturing is a holistic approach to the manufacturing process that focuses on good health for all involved. This means…

A Subsidiary must be excluded from the consolidation when: Control is planned to be temporary since the subsidiary was taken…

IAS 27 Consolidated and Separate Financial Statements outlines when an entity must consolidate another entity, how to account for a…

Consolidation procedures Intragroup balances, transactions, income, and expenses should be eliminated in full. Intragroup losses may indicate that an impairment…

Partial disposal of an investment in a subsidiary The accounting depends on whether control is retained or lost: Partial disposal…

A parent shall present consolidated financial statements in which it consolidates its investments in subsidiaries in accordance with this Standard.…

A parent company that presents its consolidated financial statements must consolidate all of its subsidiaries, foreign as well as domestic.…