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CCA F7 June 2008 Question 1 Patronic

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › CCA F7 June 2008 Question 1 Patronic

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by marbik.
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  • May 21, 2013 at 11:37 pm #126600
    marbik
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Hi everyone,

    Can you please help me out with the question listed in the title, section b.
    Why in the end when it comes to calculation of the profit that can be attrubuted to the minority interest it deducts full amount of impairment of goodwill (2 million) and not 25 % of 2 million?

    Tx,
    Marko

    May 22, 2013 at 7:17 am #126627
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 5
    • ☆

    Hi Marko, You need to get the post acquisition profit of the subsidiary after which you make necessary adjustment that affect the post acquisition profit. Impairment of Goodwill is one of the adjustments, then you share the remaining according to their percentage holding.
    Hope this you are now good?

    Regards, Kunle

    May 22, 2013 at 7:39 am #126634
    marbik
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Ok got it. Tx 😉

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