Doubt in Advanced Accounting

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This topic has 2 replies, 3 voices, and was last updated 1 year, 5 months ago by Kishore Kumar.

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July 3, 2023 at 8:22 pm #3307
Anubhav Kumar
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I am a CA final student in mumbai and facing difficulties in understanding group accounts and consolidation. I have studied the basic concepts and journal entries related to it but I am unable to solve complicated practical problems. Can someone please help me solve this issue?
July 3, 2023 at 8:23 pm #3308
Avni Reddy
Participant
Try making flowcharts or mind-maps for every concept. It will help you visualize the process better. Then practice as many problems as you can find.
July 3, 2023 at 8:24 pm #3309
Kishore Kumar
Participant
Make sure you understand the basic terminologies first like holding company, subsidiary, associates etc. Then move on to understanding the various methods of consolidation like acquisition method, pooled interest method etc.
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