financial statement of an individual member company seeking a loan rather than a group consolidated

Discussion in 'CB1' started by Robert, Aug 4, 2019.

  1. Robert

    Robert Very Active Member

    Discuss the merits from a bank perspective of using the financial statement of an individual member company seeking a loan rather than a group consolidated account when making lending account
    Can i get a detailed explanation of this answer ?
     
    Robert, Aug 4, 2019
    #1
  2. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    Can you tell us which past paper you have taken it from and which part of the examiners solutions you are not happy with and we will try to help. thanks
     
    Colin McKee, Aug 5, 2019
    #2
  3. Robert

    Robert Very Active Member

    This question is from mock exam no 12
     
    Robert, Aug 8, 2019
    #3
  4. Lynn Birchall

    Lynn Birchall ActEd Tutor Staff Member

    Hi

    Assuming you've got your copy of the mock solutions, can you narrow down which part is causing you difficulty please? As a general comment, I'd refer you to Section 1.6 of Chapter 13 which discusses this issue.

    Best wishes
    Lynn
     
    Lynn Birchall, Aug 9, 2019
    #4

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