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In this video tutorial, Silvia from IFRS Box explains the basic concept of consolidating beds in accounting. Consolidation is a crucial topic frequently examined in exams and is a key skillset for accounting professionals. Silvia provides a clear demonstration of basic consolidation procedures, offering a solid foundation for more complex issues. Using a case study of Mummy Corporation owning 80% shares in Baby Limited, Silvia illustrates the consolidation process. Visit IFRS Box for further learning resources and examples on this topic.
