PRACTICE BY UNIT
ACCA Financial Accounting (FA) — H. Preparing simple consolidated financial statements（単純な連結財務諸表の作成）: 100 practice questions
100 original ACCA Financial Accounting (FA) questions on H. Preparing simple consolidated financial statements（単純な連結財務諸表の作成）, each with an explanation and its source. Topics: H1a Subsidiaries: terminology and group structure（子会社: 用語とグループ構造）, H1b Consolidated statement of financial position（連結財政状態計算書）, H1c Consolidated statement of profit or loss（連結損益計算書）, H2 Associates（関連会社）. Two free samples are below. Try 5 more free, no sign-up.
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Two H. Preparing simple consolidated financial statements（単純な連結財務諸表の作成） questions with explanations
Open a question, choose an answer in your head, then open the explanation.
Q1 H1a Subsidiaries: terminology and group structure（子会社: 用語とグループ構造）
Which of the following is the definition of a subsidiary?
- An entity that is controlled by another entity
- An entity over which another entity has significant influence
- An entity in which another entity owns any number of shares
- An entity that has the same directors as another entity
Show the answer and explanation
Answer: A. A subsidiary is an entity that is controlled by another entity (its parent). Control, not simply owning shares, is the test.
Sources: IFRS Foundation IFRS 10 Consolidated Financial Statements · ACCA Financial Accounting (FA/FFA) Syllabus and study guide, September 2025 to August 2026 (FA unchanged for 2026/27)
Q2 H1a Subsidiaries: terminology and group structure（子会社: 用語とグループ構造）
Under IFRS 10, an investor controls an investee when three elements are all present. Which of the following is NOT one of those three elements?
- Power over the investee
- Exposure, or rights, to variable returns from its involvement with the investee
- The ability to use its power over the investee to affect the amount of its returns
- Legal ownership of all of the investee's non-current assets
Show the answer and explanation
Answer: D. Control needs power, exposure to variable returns and the link between them. Owning the investee's assets is not part of the test; the investee owns its own assets.
Sources: IFRS Foundation IFRS 10 Consolidated Financial Statements · ACCA technical article: Preparing simple consolidated financial statements (FA/FFA)
OTHER UNITS
ACCA Financial Accounting (FA) practice questions by unit
- A. The context and purpose of financial reporting（財務報告の背景と目的） 60
- B. Accounting principles, concepts and qualitative characteristics（会計の原則・概念と質的特性） 50
- C. The use of double-entry and accounting systems（複式簿記と会計システムの利用） 70
- D. Recording transactions and events（取引と事象の記録） 330
- E. Reconciliations（照合・調整） 70
- F. Preparing a trial balance（試算表の作成） 90
- G. Preparing basic financial statements（基本的な財務諸表の作成） 180
- I. Interpretation of financial statements（財務諸表の解釈） 50
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