QUESTION 1 (a) Interpret the term "control" and application of the "control model" under IFRS 10 Consolidated Financial Statements. (6 marks) (b ) Identify and explain the key steps in preparing consolidated financial statements. (8 marks (c) Interpret the meaning of goodwill and negative goodwill and discuss its accounting treatment. (4 marks) (d) Determine when a parent company may not be required to prepare consolidated financial statements for the group. (2 marks) (Total: 20 marks)