IAS 21 Foreign currency matters Example 2 (part 1)

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  1. Avatar of hemakantha hemakantha says:
    May 1, 2013 at 1:07 pm

    Dear Sir,
    Why don’t companies or their auditors calculate Goodwill in FOREIGN CURRENCY at the DOA and then yearly translate and see the Gain/Loss accordingly?

    If we have enough info @ EXAM to calculate Goodwill in foreign currency, is it OK to do so?

  2. Avatar of c0olmat3 c0olmat3 says:
    November 22, 2012 at 4:03 pm

    Ey sir,
    you’ve told to translate everything in SOFP at closing rate, in BPP kit ‘Pre acqs’ are translated at closing rate, but ‘post acq’ is translated somehow using beta(B) value. I mean they have beta sign in the rate column..:?
    E.g. Dinar Rate. $m
    Post acq 8 . B 30

    • Avatar of c0olmat3 c0olmat3 says:
      November 22, 2012 at 4:57 pm

      @c0olmat3, Oh got it, its the balancing figure, inclusive of Exchange Diffs.
      Well, there are many techniques in translating, all are allowed i guess.
      Either use closing rate(as you did);
      Using balcing figs to dtrmine post acq(bpp);
      Or using avg rate fr post acq(examiner answer).

  3. Avatar of c0olmat3 c0olmat3 says:
    November 21, 2012 at 5:15 pm

    9298 is the NCi’s share of goodwill.
    21695 x 30/70

  4. Avatar of azzal azzal says:
    October 3, 2012 at 8:14 am

    Where did 9298 came from?

    • Avatar of MikeLittle MikeLittle says:
      October 3, 2012 at 10:26 am

      @azzal, I may be wrong because I’m answering this from memory, but isn’t 9,298 the nci’s share of the goodwill impairment? If it isn’t, post again and I’ll look the question up to give you a definitive answer

  5. Avatar of karisaj karisaj says:
    April 24, 2012 at 1:34 am

    hi, the question in this example has different information to the question he is working out make it a lttle hard to follow. please fix the notes. thanx

  6. Avatar of sweety2009 sweety2009 says:
    April 16, 2011 at 1:19 am

    HI MIKE THANK YOU VERY MUCH FOR THE VIDEOS. THR NEW VIDEOS ARE ALSO GREAT. THANKS TO YOU AND YOUR OPEN TUITION TEAM VERY MUCH.

  7. Avatar of Brian82000 Brian82000 says:
    March 14, 2011 at 12:38 pm

    am unable to play this one,what sould i do? Others are okay

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