Question：When a consolidated statement of financial position is being prepared, accounting dates for the parent and subsidiary undertakings should be the same.
 
IFRS 10 allows the parent company to consolidate the financial statements of a subsidiary, which are prepared to a different reporting date under which of the following circumstances?
 
A. Where the subsidiary is located abroad.
 
B. Where the subsidiary company makes up accounts to a different reporting date (less than three months difference).
 
C. Where the subsidiary company makes up its accounts to a date more than 3 months prior to the parent company accounting date.
 
D. Where the subsidiary company, when acquired by the parent, made up its accounts to a different date from that used by the parent.
 
The correct answer is: Where the subsidiary company makes up accounts to a different reporting date (less than three months difference).
 
解析：Normally where a subsidiary prepares financial statements to a different reporting date, it will prepare an additional set of financial statements for consolidation purposes, with the parent reporting dates. Where it is impractical to do this, financial statements drawn up to different reporting dates may be used provided the difference is no more than three months. Adjustments should be made for effects of significant transactions that occur between the two dates.

 
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