Parent company uses Cost Method for investment properties, Subsidiary uses Fair Value Method, What method will be used in the consolidated F/S?

For different accounting methods being used as above between parent and subsidiary, an adequate disclosure must be given in the notes to the financial statements.

A parent shall present consolidated financial statements in which it consolidates its investments in subsidiaries in accordance with this Standard. Where a parent is a company, the consolidated financial statements shall be in the form set out in Appendix to this Standard or as near thereto as circumstances admit.

In preparing consolidated financial statements, an entity combines the financial statements of the parent and its subsidiaries line by line by adding together like items of assets, liabilities, equity, income and expenses.