Case Study 4: Parent-subsidiary relationship (AASB10)
Visit the website of Woolworths Ltd (www.woolworthslimited.com.au/) and retrieve the most recent annual report.
Required:
1) Identify and discuss the principles of consolidation used as disclosed in note 1 to the consolidated financial statements.
2) Discuss potential reasons the regulators require Woolworths Ltd to prepare consolidated
financial statements.
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