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Discussion > Accounts > A/c entries > Consolidated Financial Statement by Prasun Rakshit. Confusin   Post New Topic

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Rahim
CA Final (New Course)
[ Scorecard : 276]
Posted On 11 January 2010 at 16:42 Report Abuse

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 I have bought Financial Reporting by Prasun Raksh*t. (Law Point Publication)

As I started working for CBS chapter, I noticed he follows a Meorandum Ledger Method to solve CBS problems which is very difficult to grasp.

The allocation pf Profits into Pre & Post  Acquisition and as well as Cost of Control or Minority Interest are computed and presented in Memorandum Method. Further Cost of Control has not been computed as working note at all.

 

I remember doing CBS in my B Com days and making working notes of allocation, cost of control, balances of P/L and Reserves, which was  easy to understand.

 

I am really annoyed to go further with that book.

 

So suggest me some other writers for FR.


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NANDAKUMAR.B
ACCOUNTS MANAGER
[ Scorecard : 31]
Posted On 20 January 2010 at 10:52

Dear Rahim,

Please follow FR for CA Final by L.Muraleedharan. The author is a Faculty in Sreeram Coaching Point .

It is very easy to understand the concept of CBS thorugh this book.

 






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