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Financial Advisers Ltd (Advisers) provides financial services to a range of clients. It also has a range of investments in complementary businesses. The Chief Financial Officer (CFO) is concerned whether consolidated financial statements should be prepared for the following two investments:  1. Computing Services Pty Ltd (Computing) 30% of the shares are owned by the managing director and 70% by Shipton Holdings Ltd. (Shipton).      50% of Shipton is owned by Advisers and the remaining 50% by employees of associated companies.  2. Advisers has a 35% interest in Bellinger Travel Pty Ltd (Bellinger). The remaining 65% is owned by the managing director of Bellinger. The majority of Bellinger’s business is with Advisers or an associated company.   Advisers has two directors on the board of Bellinger but all operational  decisions are made by the managing director.   Required Write a report covering the following in relation to the above data: 1. What guidance do the accounting standards and pronouncements provide to the CFO? 2. How are relationships within a group determined? 3. Advise the CFO whether, in your opinion, consolidated statements are  Required Write a report covering the following in relation to the above data: 1. What guidance do the accounting standards and pronouncements provide to the CFO? 2. How are relationships within a group



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