Key Topics: Consolidation, intercompany transactions, unrealized profits, and non-controlling interest.

Concepts Covered:
• Consolidated Statement of Profit or Loss
• Elimination of intercompany transactions
• Unrealized profit adjustments
• Depreciation and allowance calculations
• Non-controlling interest (NCI) allocation

Description: The case required preparing the Consolidated Statement of Profit or Loss for Keswick Co. Tasks included eliminating intercompany sales, adjusting for unrealized profits in inventory, and calculating depreciation for non-current assets. The non-controlling interest was determined by allocating profits to minority shareholders based on ownership percentage. This case highlighted key consolidation principles to ensure accurate group financial statements.