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JudgmentIntermediatePublished

Question · Reporting dates

Cime SA, an associate of Alba SA, has a 31 October year end, while Alba's is 31 December. Preparing statements of Cime as of 31 December is impracticable (case data). In November, Cime incurred a major exceptional loss. Write a short note stating how Alba treats Cime's statements, distinguishing case facts, rule and professional judgement.

Your answer

Judgment question: compare your answer with the criteria and the model explanation.

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