Examples of ABC stratifications would include ABC by velocity (times sold), ABC by sales dollars, ABC by quantity sold / consumed, ABC by average inventory investment, ABC by margin. Customs’ “Automated Broker Interface,” by which brokers file importers’ entries electronically.
ABC stratifications are used to develop inventory planning policies, set count frequencies for cycle counting, slot inventory for optimized order picking, and other inventory management activities. Referring to cargo being put, or laden, onto a means of conveyance.
Measure NCI at its proportionate share of Baby’s net assets.
Please note here that in the above statements of financial position, .
However, when you look at both parent and subsidiary as at 1 company, which is the purpose of consolidation, then you find out that there’s no transaction at all.
In other words, group has not performed any transaction from the view of some external user.
If you’d like to revise a theory first, then please read my summary of IFRS 3 Business Combinations and IFRS 10 Consolidated Financial Statements, both of them contain video in the end.
In our case study, combined numbers looks as follows: Of course, there are some strange and redundant numbers, for example both Mommy’s and Baby’s share capital, but we haven’t finished yet!
DOWNLOAD EXCEL FILE HERE Please watch the video here: Here’s the example of consolidation where a subsidiary has different functional currency than its parent.
You’ll learn how to translate the subsidiary’s financial statements.
After combining like items, we need to , but here, we’re not going to complicate the things.
Then we need to recognize any non-controlling interest and goodwill.