Understanding the difference between a subsidiary and associate is important for PQs everywhere!
In the May edition of the magazine (out now) top tutor Tom Clendon says you need to know how both are accounted for in the groups accounts, but you must also be able to apply their definitions in classifying investments.
Don’t worry though, he explains all here: on page 29 https://issuu.com/pqpublishing/docs/001_pq_may24_combined.
Don’t forget you can also sign up for your own free subscription, where Tom regularly writes, at www.pqmagazine.com
PQ magazine – a free resource for all accountants, wherever you are, and whatever stage and qualification you are studying!
