OpenTuition.com Free resources for accountancy students
Free ACCA lectures and course notes | ACCA AAT FIA resources and forums | ACCA Global Community
ACCA F7 lectures Download F7 notes
November 2, 2015 at 4:01 am
……In the goodwill calculation the $6000 is time apportioned (7/12 X 6000) because it’s from the previous period right?
November 2, 2015 at 8:22 am
Without looking at the question (it’s not readily available) in the goodwill calculation we need to include as retained earnings the brought forward figure of 20,000 + the pre-acquisition time apportioned profits for this year and if that’s 7 months pre-acquisition and 6,000 profit for this year then, yes, 3,500 is the figure to include in working W2
November 1, 2015 at 5:42 am
I have a question on the consolidated retained earnings. Why wasn’t the $20,000 apportioned? I am assuming it’s for the whole 12 months, right: per the question it says retained earnings at 1 January, 2009, which is from the beginning of the year. I am a little bit confused, can you please explain?
November 1, 2015 at 6:40 am
If 20,000 was already there at the beginning of the year, before we acquired the subsidiary, so in other words pre the acquisition, or in short form pre-acquisition, why would you time apportion it into pre and post?
It’s all pre!
November 1, 2015 at 8:55 am
Thanks Mike it all makes sense now and of course the $6000 is brought forward from the previous period so that is apportioned! Great! thank you indeed. Have a lovely Sunday!
November 1, 2015 at 9:02 am
“and of course the $6000 is brought forward from the previous period so that is apportioned!” …… now that I don’t understand! If it was brought forward from the previous period, why would you time apportion?
May 12, 2015 at 6:25 pm
Please how did u get 23,500 as the Iagrida’s Pre-aquisition Reserve in Working 3
May 12, 2015 at 6:43 pm
20,000 brought forward + 7/12 x 6,000
May 8, 2015 at 12:58 am
Hi Mike you are doing a great job here,
I have a question regarding example # 10 while calculating goodwill why you didn’t apportion the amount of B/f into 20000×5/12 ?? whereas you have did the calculation of apportionment for 6000×7/12
May 8, 2015 at 9:37 am
During what period was that brought forward retained earnings made? How much of that period is post acquisition?
May 7, 2015 at 1:11 pm
Regarding the negative goodwill. I have few questions:
1. Does the negative goodwill is considered as income or gain? how the double entry should be?
2. Is that possible for negative goodwill to be remained in financial statement for more than one period ( a year period )? What is nature of negative goodwill?
May 7, 2015 at 3:34 pm
This is all explained in the video lectures!
Check those videos out and, if you’re still struggling, post again
March 13, 2015 at 4:05 am
I have a question in Example 10 in the lecture. When calculating W3, how come Premium is not included in “per q”(under Ingrida colume)? I thought the figure should be 26000+1500=27500 instead of 26000, because other reserves should be treated in the same way is retained earning.
March 8, 2015 at 2:28 pm
Ch 7 example 10 w2 good will calculation shows Nci 7,000 so i confusing this figure, how can you calculate it.
March 8, 2015 at 5:33 pm
Fair value of net assets at date of acquisition are $28,000 and the 25% nci is valued on a proportional basis.
Ok from here on?
February 8, 2015 at 11:39 am
is there a way i can download this. my internet during my study ours is extremely poor its frustrating. i loose concentration when the video is buffering
March 8, 2015 at 6:04 pm
Lectures are not downloadable, hence they are free.
You must be logged in to post a comment.
OpenTuition.com is dedicated to providing all accountancy students throughout the world with the resources they need to study for the major … Learn more