Consolidated Financial Statements | Group Accounts | Basic Consolidation Concepts | IFRS 10 | IFRS 3

[@armaanryan411]

I want to salute you personally, you make life easy. Thanks a million

[@CommerceSpecialist]

🙏👍❤️

[@mudatherelkhalifa40]

I am from sudan i was following more KZbin teacher's but really when i watched this vedio i forgot them ,your are excellent teacher

[@CommerceSpecialist]

Thanks my dear

[@minimohenry7495]

Sir to summarize my excitement on coming across your teachings I'll simply say you are the best. You make accounting lovable. I'm grateful

[@CommerceSpecialist]

Thanks a lot dear🙏👍

[@ajeshnair4682]

Clean voice and a very nice presentation ,that is mostly missing with other youtubers.Keep it up boss

[@CommerceSpecialist]

Thx d3ar

[@12OverThru9]

My tutor never did a breakdown on each step from easiest to hardest we jumped around a lot! This is so useful thanks very much got my exam Thursday

[@CommerceSpecialist]

All the best

[@Learn_Arabic_With_Sadia786]

Your lectures are sooo peaceful and understanding....thank you sir for making such useful videos it helps us alot .....God bless you sir❤❤

[@CommerceSpecialist]

Ur welcome dear😊👍🙏

[@uttamneupane2733]

Super easy way to understand concept Sir , Thank you so much for being there.

[@harveerarsenal]

THANKS A LOT!Needed someone to clarify everything and you did it sir

[@CommerceSpecialist]

Ur welcome dear

[@emmanuelmwesigye6519]

I have learnt a lot from you. You are good at explaining the points.

[@CommerceSpecialist]

Thanks dear😊👍👍

[@Ha.sanahh]

No words to explain your Class

[@RogerNzally]

I really appreciate your videos and your teachings. I have learned a lot from you.

[@CommerceSpecialist]

@@RogerNzally thx dear👍🙏

[@ABUSHULAMMITE]

Thank you sir, your teaching is the best

[@mustansarkhurshid]

One of the best lectures, salute you Sir

[@CommerceSpecialist]

Thanks a lot my dear👍🙏

[@ris123ful]

Great video, giving a clear foundation for consolidation.

[@CommerceSpecialist]

Thx dear🙏👍

[@ris123ful]

Thank you for your reply. Do you have a video for both balance sheet and P&L scenario together? Also I would like to get your support/consultation to complete a real consolidation which will be due by coming may-24...how I can reach you further ?@@CommerceSpecialist

[@HamzaHussain-c3v]

Outstanding way of teaching❤

[@CommerceSpecialist]

Thxdear🙏👍

[@DominicOsei-j3n]

God bless you for making me understand it well

[@CommerceSpecialist]

@@DominicOsei-j3n thanks dear🙏👍

[@apostlefranciskhaembaministryi]

Am benefiting from this simple but clear explanation

[@CommerceSpecialist]

Thanks🙏👍

[@Ha.sanahh]

Thank you Sir I really enjoyed your class very good presentation I can understand the One of tough chapter in fa (acca ) for Me🙏❤️🥰

[@MarwanNasr-pi7ci]

Outstanding methodology and talented lecturer

[@CommerceSpecialist]

Thanks a lot dear👍🙏

[@abubacarrbah7626]

I salute you, sir, for the exceptional explanation!!

[@CommerceSpecialist]

Thanks a lot dear🙏👍

[@hemendrakumarvarshney8825]

Very nicely explained. Sir . Please share the video on example when Parent co. further increases it's controlling stake in subsidiary in subsequent years from 56% to 72% in Year X1 and 72% to 90% in Year X2. The consideration paid was more than Net asset value of the Subsidiary co.. Query is : if, MI is to be revalued to fair value at the time of further acquisition based on the price of acquisition. Will the premium paid on acquiring in subsequent years result in increase in Goodwill? How will this be treated? How to treat the sale of part investment (without losing the CI) to outsider resulting in increase in MI at a price higher than it was acquired for? Will the profit be adjsuted against goodwill or credited to P&L?

[@asifsurani5563]

good mentor...and quality content. excellent sir

[@CommerceSpecialist]

Thx Mr. Asif

[@fazilamin4215]

Very well explained. Love it. thanks

[@CommerceSpecialist]

Thx dear Fazil

[@Elizabeth-iz1es]

Great stuff and well simplified .

[@CommerceSpecialist]

Thx dear🙏👍

[@Princeofkolkata52]

Very Simple and easy to understand

[@foziaabbasali8494]

Sor thanku so much marvelous job i really appreciated and made my concept more clear

[@CommerceSpecialist]

Thanks Fozia

[@akincalysta1311]

God bless u sir... Best lecturer👏👏👏

[@Ha.sanahh]

Thank You Thank You More...❤️

[@nafihanajeem9278]

Thank you so much for this video, I'm a aat student and im having my exams in a week. This video really helped me. Your explanations are super clear and easy to understand. You're such an underrated lecturer 🤍

[@CommerceSpecialist]

Thanks and good luck for ur exams❤️🙏👍

[@joechibangu2007]

Excellent presentation, I was wondering I thought NCI at both stakes in pre & post retained earnings?

[@amollosarah6390]

Thank you really for clear explanation.

[@CommerceSpecialist]

Thx Sarah

[@sarahsitenda1714]

Thank you so much. This has been made easy.

[@CommerceSpecialist]

👍🙏

[@aminpirani657]

Do you have any video where multi currency consolidation is explained?

[@GhaziFaiz-b4v]

thank you very much. It was helpful. However, NCI bit is very confusing. Where is it reflected in standalone balance sheet. Could you please clarify

[@shoaibmohammad8334]

Excellent. Very clear as always.

[@CommerceSpecialist]

Dear Shoib, thx

[@zakarianashiru7733]

Very well-articulated Prof.

[@CommerceSpecialist]

Thx dear🙏👍

[@prabhakarveluri]

Sir, Grateful if you can upload a video on Accounts Rceivables as per US CMA syllabus.

[@CommerceSpecialist]

@@prabhakarveluri its akready on my channel dear

[@AbidHussain-it9oc]

Impressive lecture

[@CommerceSpecialist]

Thx dear

[@Man-is888]

Thank you from Macedonia

[@maher.datainsights]

You are amazing thanks from egypt

[@abduljebararsii4969]

Please make consolidated statement of P&L Videos because your are our best lecture

[@CommerceSpecialist]

Video on consolidation is already uploaded dear

[@aliyaal-sanadi953]

Dear Sir, I have a question If the foreign subsidiary is controlled by parent company located in Oman and the time difference is one hour ,how the disclosure will be for local parent to prevent the parent from the incomplianc condition ?

[@CommerceSpecialist]

Dear ur question is not clear

[@aliyaal-sanadi953]

@CommerceSpecialist For example: abc co. is a subsidiary for def co. abc Co. Located in Kuwait & def Co.is located in Oman.between them one hour difference.Def Co. in Oman has to dislosue before 10 am, however abc Co disclosing at 10 am ..but def has to wait till 2:00 pm to disclose..here abc in complianced with disclosure law but def Co. Failed to disclose in time and charges for incompliance..is there any solution for this kind of disclosure?

[@rabiajaz7093]

can you please explain what this means? - The FV @ DOA NCI was $3m?

[@CommerceSpecialist]

@@rabiajaz7093 Fair Value at date of acquisition of Non Controlling Interest.

[@mugishacharles6710]

this is a nice video u covered all the areas that area possible in that area

[@CommerceSpecialist]

🙏👍❤️

[@rashmi5028]

nicely explained

[@richagarg6317]

Sir, u r amazing.

[@CommerceSpecialist]

Thx dear🙏👍

[@pulchritude3901]

THANK YOU

[@madelights3344]

Sir please make one more Video relating to this topic

[@ShaziyaKhadeeja]

Sir please post videos of management accounting knowledge level

[@CommerceSpecialist]

@@ShaziyaKhadeeja There are many videos on my channel, just type name of topic on my channel

[@CommerceSpecialist]

@@ShaziyaKhadeeja all videos are already uploaded

[@cynthiatadiwanashe8229]

Thank you so much . Its well explained

[@CommerceSpecialist]

Ur welcome dear

[@shahhasan237]

Please share for Consolidation Of Profit & Loss

[@CommerceSpecialist]

@@shahhasan237 sure dear

[@ajaykumar-et8nx]

Really a specialist 👏🎉

[@CommerceSpecialist]

Thx ajay

[@sankarojha2281]

Dear Sir, If there is disinvestment during the FY than what will be impacts on CFS Thanks

[@CommerceSpecialist]

That will be taken care of in financing activities

[@sajidhameed2657]

❤awesome explanation

[@BakkaTheGuru]

Thank you sir 🙏

[@mreben9183]

You are the best

[@CommerceSpecialist]

Thanks dear

[@fathimaaa120]

thaaaankkyouuuu so muchhhhh

[@harshanarajapaksha]

Very well explained

[@aaroacademy]

Thank you for sharing this.

[@CommerceSpecialist]

U are welcome dear

[@fathimashafaishaq5864]

Good morning sir. Can u pls post a video on treatment of revn surplus of subsidiary in consolidated sopl nd sofp

[@CommerceSpecialist]

Sure

[@cakuuleyare7730]

Thank you very much. Well noted

[@aliimran7620]

Hello Respected Sir,if we place the investment in subsidiary company in consolidation what will be the effects and why it is being omitted in consolidation ? Thank you

[@CommerceSpecialist]

Investment in subsidiary gets cancelled with equity in subsidiary, it will be double counting thn

[@SureshBabu-fr4qn]

Hi Sir, Would you please add a lecturing of IFRS 5?🙏🙏🙏

[@CommerceSpecialist]

Sure

[@Shubhamsharma-lm9wr]

Please arrange complete class consolidation

[@mohamedabbas1203]

Fantastic

[@promisekalamba9261]

is it possible to have negative Goodwill?

[@CommerceSpecialist]

Yes dear

[@imannadhirah9025]

Thank you

[@anilreddy9787]

Hai, A small doubt, FV on DOA should be 10 M (8M+2M) *25% NCI = 2.5M ( But question says it is 3M), It means we have good will for NCI Portion also ( That means on DOA, they revalued their assets ), So the good will for parent company should be 4.5M & 0.5M for Subsidiary, so we can show that good will separately in individual financial statements or we have to show M in Parent company ? if So, can you pleae explain logic.

[@gibsonchari6393]

It's not advisable to verify the FV on DOA for NCI with percentages when given the amounts - Just use the amounts given at the DOA, The percentages are for post acquisition NCI calculations only.

[@sampadameshram7886]

the consolidated financial statement for Intragroup trading does,not match TA=864 and E+L =862.

[@TheTalentedFamily]

Very Nice

[@youarethealchemyjoetk7108]

very nice

[@rohanfernandes920]

Superb

[@CommerceSpecialist]

Thx Rohan

[@shaileshcastelino6950]

Nice video Sir

[@CommerceSpecialist]

Thx dear

[@tanweerabbasabbas649]

excellent

[@sedrak2552]

Greetings from Armenia 🇦🇲

[@CommerceSpecialist]

Thanks dear🙏👍

[@nisallaksara225]

thank youuu sir

[@CommerceSpecialist]

Ur welcome dear

[@SaeedKhan-zm3zr]

When u start CMA new batch

[@CommerceSpecialist]

25th june

[@thuwannasuha8591]

Thank you