P2 INT piecemeal acquisation

[muhammadks]

hi

this is muhammad:

ca some one tell me, what are the rule IFRS say to deal with consolidating piecemeal acquisation.

plz write me in detail about piecemeals 3 condition of calculation

1. subsidary + acquired further subsidary
2.Associate then become subsidary
3.trade to subsidary.

write me about his 2 method

1. one off method
2. step by step method.

if some one has whole or partilly consolidation note of P2 INT, plz post this on my mailing id : *********

i shall be thankful to u.

[Taciturn Tyrant]

Hi,
if anyone has replied u with these notes on your mailing id can u plzzz kindly forward them to me...??? at ***********@gmail.com (***********@gmail.com)
Thanx in advance..!!!

[Tia]

A piecemeal acquisition is when a business combination has been acquired in stages. As a result, the acquirer's interest in the same company would be a trade investment in one Statement of Financial Position (not balance sheet anymore), an associate in the next or later SFPs and finally a subsidiary in the later SFPs as an when the acquirer obtains more and more control of the company.

I personally feel that GTG's Section D has explained this concept very well in the form of both text as well as diagrams which makes it very easy to understand

Pritika