OpenTuition.com Free resources for accountancy students
Free ACCA and CIMA on line courses | ACCA , CIMA, FIA Notes, Lectures, Tests and Forums
ACCA F7 past exams lectures Download ACCA F7 Q&A
September 30, 2016 at 3:25 am
Hi mike, I have a doubt regarding the decrease in fair value of the subsidiary property. Shouldn’t we include that in the consolidated SOPLOCI? This question did not include it however, maybe it was because the property had decreased in value?
There is an example in the BPP study text, where the subsidiary makes a $200,000 revaluation gain, and the OCI includes the $200,000 revaluation gain. And then the ‘total comprehensive income attributable to’ section is calculated in this way: +
Is the example given in BPP study text wrong?
September 30, 2016 at 7:13 am
Derrick, if you want to be sure of a response from me, please post your questions on the Ask ACCA Tutor forum!
Which question is this that you’re looking at – name and exam reference if possible
May 31, 2012 at 7:09 pm
Can some one help I don’t get Q1 why we don’t consider the 1200 decrease in value of property when we calculate the consolidated Retained earnings
May 31, 2012 at 12:57 pm
Can you explain where you have got the market value of £3.5 in the goodwill calculation?
April 23, 2012 at 4:15 pm
I have a question with the way you calculated the share premium. |Please re do it coz am lost
October 9, 2011 at 10:53 am
Are we still on December 2010, question 1?
October 10, 2011 at 7:25 pm
Yes in the above example Depreciation is not included when adding the net assets of the sub and calculating the goodwill but i have a study text from a company ( i won’t mention the name but it begins with K) that states the a fair value Depreciation from a fair value uplift is included when adding up the net assets of the sub and calculating the goodwill and if a sub sells to a parent the resulting pup should decrease the group inventory and decrease the consolidated retained earnings. Why have we increased the cost of sales in this example but in other examples we decrease the group retained earnings?
October 8, 2011 at 12:03 pm
I have some questions that hopefully somebody can help me with –
Why did we not include the increase in depreciation when calculating the Subsidiaries net assets?
And why did we not include the PUP of 400 in the Subsidiaries net assets? I thought the adjustment for a sub selling to a parent was
Dr Subs post acquisition retained earnings
Cr Group inventory
I know we can increase cost of sales on the income statement but if i decreased the subs retained earnings and the inventory would i lose marks?
Any help on this is much apreciated
June 10, 2011 at 3:22 pm
i am unable to download the lecture notes and even listen to neither the audio nor video lectures. please help.
June 10, 2011 at 3:40 pm
Visit support page
June 9, 2011 at 5:59 am
The video lectures for Dec 2010 exam revision was excellently done! Thank you very much for these lectures .
March 28, 2011 at 5:02 pm
Please visit the support page: http://opentuition.com/support/
March 28, 2011 at 2:54 pm
i cannot get the sound for the audio lectures. What do i need to do
March 26, 2011 at 3:11 am
Well explained! Thank you very much for enabling me to understand consolidated accounts.
March 24, 2011 at 8:22 pm
I am not able to get access to the f7 Dec. 2010 video lecture
You must be logged in to post a comment.
OpenTuition is a multi-award winning website, providing accountancy students throughout the world with the resources they need to study for the major … Learn more