Comments

  1. Avatar of maat9 says

    hello …sir in which situation we should charge the good will impaiment to NCI ..??
    because you said in previous lecture that we will not charge good wiill impairment to NCI …when the NCI is proportionate basis…..

    • Avatar of MikeLittle says

      Correct – we only charge the nci with an impairment of goodwill when the nci is valued on a full, fair value basis. If they are valued on a proportionate basis, then they have no goodwill attributable to them, so we can’t charge them with any impairment

      • Avatar of Natasha says

        Good day Sir,

        I am new on Open Tuition. Are there assigned times when you hold lectures?
        I have registered for F4 and F7.
        How does it work?

        Thank you

        Tasha

      • Avatar of MikeLittle says

        Hi Natasha, welcome to the opentuition family :-)

        There are a number of lectures for all papers video recorded and a number of others which are audio recorded.

        We are all tutors active in teaching ACCA – opentuition is something we do in our spare time.

        There are no live lectures on the site, only recordings

        If you have any problems at all wih your studies, feel free to post your question on “Ask the tutor” and we will try to get back to you within 48 hours

        Good luck with your ACCA and tell your friends about the site!

      • Avatar of Natasha says

        Thank you very much for your prompt response Sir.
        I was trying to find lectures for F4 (Global Variant) but it seems like there is only the English Variant available? :(

  2. avatar says

    Hi Mike,

    Just worked Q-31 in the bbp kit. It has a Negative goodwill of $200.00 i see where they subtract from the admin expenses where i had just added it to the profits for the year.

    Please clarify: are there situations where i less it from expenses versus just adding it to the profit for the year?

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