Identify and discuss the principles of consolidation

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Question - Visit the website of Woolworths Group Ltd and retrieve the 2020 annual report.

1. Identify and discuss the principles of consolidation used as disclosed in note 1 to the consolidated financial statements.

2. Identify the major subsidiaries (maximum of 5), as disclosed in the notes to the consolidated financial statements.

3. Define the intragroup transactions. Read this company's "related party disclosure" and identify the intra-group transactions.

4. Discuss potential reasons the regulators require Woolworths Group Ltd to prepare consolidated financial statements.

Reference no: EM132943991

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