Interactive accounting revision · IFRS-based teaching examples

CAGE – PIES – NAPS

One connected consolidation question · twelve linked workings · one reconciled group statement.

Choose a working

Exam method
Write your group structure and acquisition date first; identify the seller for unrealised profit; keep acquisitions separate from post-acquisition movements. Consolidation journals are worksheet adjustments—not entries posted to the subsidiaries' own books.

Enter your own figures

Step-by-step solution

Scope: Common IFRS 10 / IFRS 3 / IAS 28 exam treatments, simplified to one parent, one subsidiary and one separate associate. Figures are shared across all twelve tabs. A consolidated worksheet combines financial statements and then eliminates internal activity; it is not an adjusted trial balance for an individual company. No deferred tax, foreign-currency translation, step acquisitions, changes in ownership without loss of control, or complex disposals are modelled. Currency: illustrative £ amounts (the accounting principles are not UK-currency-specific). Figures are educational rather than professional advice. Further reading: ACCA group statements · IFRS 10 · IFRS 3 explained.