Pass Your SBR ACCA Exams with Tom Clendon
Oct 9, 2026 · 11 min · 11 segments
*This episode is part of my Old but Gold series, where I revisit some of my earlier podcasts that are still completely relevant for your SBR exam today. The recording may be from the archives, but the…
Tom ClendonHost
If you've got a subsidiary that is based in, I don't know, Malaysia, then they will be preparing their financial statements using ringgit.
And if you've got a subsidiary based in France, they'll be preparing their financial statements using euros.
And what you can't do in preparing the group accounts is to aggregate a euro with a ringgit, whatever.
In the exam, we're interested in making sure that the group accounts are prepared in dollars.
What you will never be asked to do is to prepare a full set of group accounts with the consolidation of an overseas subsidiary.
What you might be asked to do is some calculations of a particular number, for example, the exchange difference, or a particular number like, for example, I don't know, the revenue or the property plant and equipment of the group.
If you're asked to do the number, you will always be then asked to explain it, discuss it.
If you've got a subsidiary that is based in, I don't know, Malaysia, then they will be preparing their financial statements using ringgit.
And if you've got a subsidiary based in France, they'll be preparing their financial statements using euros.
And what you can't do in preparing the group accounts is to aggregate a euro with a ringgit, whatever.
In the exam, we're interested in making sure that the group accounts are prepared in dollars.
What you will never be asked to do is to prepare a full set of group accounts with the consolidation of an overseas subsidiary.
What you might be asked to do is some calculations of a particular number, for example, the exchange difference, or a particular number like, for example, I don't know, the revenue or the property plant and equipment of the group.
If you're asked to do the number, you will always be then asked to explain it, discuss it.
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