Hi Silvia, your video on IFRS 10 really helped me get through the process. When it comes to IAS 7, you mentioned that we work on subsidiary's cash flow separately, my question is, how do we eliminate the subsidiary's equity (as per IFRS 10) if we do it separately between parent and subsidiary with foreign currency? If I prepare consolidated BS without the subsidiary, then the elimination process can't be done.
That's not how it was meant :) Sorry for the confusion. I tried to say that you do NOT prepare consolidated CF from consolidated BS and P/L. You should first prepare individual statements of CF for both parent and subsidiary, then secondly translate subsidiary's CF to the presentation currency and THEN prepare consolidated CF. Of course, you cannot exclude subsidiary. Please see more here: www.cpdbox.com/consolidated-cash-flows-foreign-currencies/
Hi Silvia, great video. Can I seek your advice, if Director paid on behalf for company expenses (by crediting) to amount owing to Director. In the cashflow statement, the expenses paid on behalf shall reflect under operating or financing?
Hi Silvia why did you use Average rate for elimination of subsidiary trade receivables. If i am not wrong Closing would have been considerd while translating the Financial statement of subsidiary company to presentation currency.
Great video! I have a question, shouldn't the consolidated CF difference align the with difference betwen periods in the Consolidated BS? For example if in the CF the consolidated difference for AR is $11,000, this should be the same amount of difference in the Consolidated BS in the AR? That's the problem that I'm having :(
HI Silvia, I wish that find you well. why closing rate used for translating intra group A/P , whereas average rate used for intra group A/R , despite both of A/P and A/R changes translated by average rate.
Hi Singal, thanks! I haven't stopped, just slowed down. The reason is that I'm preparing completely redesigned website with the new content - so I'm very busy :) Keep watching!
extremely helpful....clearing my concepts
Hi Silvia, your video on IFRS 10 really helped me get through the process. When it comes to IAS 7, you mentioned that we work on subsidiary's cash flow separately, my question is, how do we eliminate the subsidiary's equity (as per IFRS 10) if we do it separately between parent and subsidiary with foreign currency? If I prepare consolidated BS without the subsidiary, then the elimination process can't be done.
That's not how it was meant :) Sorry for the confusion. I tried to say that you do NOT prepare consolidated CF from consolidated BS and P/L. You should first prepare individual statements of CF for both parent and subsidiary, then secondly translate subsidiary's CF to the presentation currency and THEN prepare consolidated CF. Of course, you cannot exclude subsidiary. Please see more here: www.cpdbox.com/consolidated-cash-flows-foreign-currencies/
Hi Silvia, great video. Can I seek your advice, if Director paid on behalf for company expenses (by crediting) to amount owing to Director. In the cashflow statement, the expenses paid on behalf shall reflect under operating or financing?
Hi Silvia why did you use Average rate for elimination of subsidiary trade receivables. If i am not wrong Closing would have been considerd while translating the Financial statement of subsidiary company to presentation currency.
Great video! I have a question, shouldn't the consolidated CF difference align the with difference betwen periods in the Consolidated BS? For example if in the CF the consolidated difference for AR is $11,000, this should be the same amount of difference in the Consolidated BS in the AR? That's the problem that I'm having :(
Cn u pls share the link of consol preparation vido?
Awesome, thank you!!!
HI Silvia, I wish that find you well.
why closing rate used for translating intra group A/P , whereas average rate used for intra group A/R , despite both of A/P and A/R changes translated by average rate.
I believe I explained that, and even if not... it all ends up in the same way, just try it :)
Can record a new lecture for statement of consolidation...?
Can I send you soms questions regarding consolidation statement,??
I'm sure Cash flow will be in exam this june 2017 ACCA
Nice informative videos. Why have you stopped uploading?
Hi Singal, thanks! I haven't stopped, just slowed down. The reason is that I'm preparing completely redesigned website with the new content - so I'm very busy :) Keep watching!
Nice video