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CIMA Financial Reporting F1 Question # 51 Topic 6 Discussion

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CIMA Financial Reporting F1 Question # 51 Topic 6 Discussion

F1 Exam Topic 6 Question 51 Discussion:
Question #: 51
Topic #: 6

For an entity to be exempt from preparing consolidated financial statements it must meet certain criteria specified in IFRS 10 Consolidated Financial Statements.

Which of the following conditions would give exemption from preparing consolidated financial statements?
A.

The parent's securities are publicly traded.

B.

The parent is in the process of issuing securities in a public securities market.

C.

The parent is a wholly owned subsidiary of another entity.

D.

All of the parent's subsidiaries are in one country.

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Actual exam question for CIMA F1 exam by Zane30790 at Aug 6, 2025, 7:14:38 AM

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