Doubt in Advanced Accounting

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  • #3307
    Anubhav Kumar
    Participant

      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?

      #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.

        #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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