I have the following scenario:
one parent company with 2 sub groups one on GAAP and another on AUS accounting technique.
a) I am creating 3 versions 1 for GAAP 1 AUS and 1 for consolidated parent group.
Is it the right way to do it?
b) Interunit elimination executed on Version1 for US Group cos Version 2 for Aus group cos and 3 for both US and AUS cos.
c) Can the client change the COI method - Purchase and Equity as and when they need? Is there any regulation restricting method changes?
Please respond at your earliest.
Thanks in advance.
Edited by: Bansidar Gunnia on Mar 30, 2008 9:07 PM