Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Reader Interactions

Comments

    • Probably because the notes are subjected to an annual review and, as notes are added or removed, the page numbers in the course notes referred to in the video lecture will change as a result of those updates

      You should easily be able to find the examples with very little effort!

  2. Awesome lecture.
    I am trying to understand the reason why 6000 and not nil is being used in calculating consolidated retained earnings

    When calculating for the fair value of the subsidiary鈥檚 net asset retained earnings is nil

    • Because the entire $6,000 is post acquisition. Ausra acquired the shares in Dainius on the date of Dainius’ incorporation 1 January, 2009.

      Between date of incorporation and acquisition date Dainius has not had time to generate any pre-acquisition profits

      OK?

  7. Hi sir,

    Please help me clarify the following:

    Goodwill is the premium paid by the parent when they are acquire the sub..Then why are we apportioning it between the parent and sub..when it is impaired?

    Or probably I didn’t get the concept right?

    Thank you.

    • Do you mean “How do the directors decide in real life whether or not goodwill should be impaired?”

      If that’s what you mean – I’m sorry 馃檨 I simply do not know!

      Maybe someone else who has experience of working in audit could throw some light on this – but it lies beyond my practical experiences

      If that’s NOT what you meant, then I don’t feel that I have understood your question, sorry

    • If you had posted this on the Ask ACCA Tutor forum I would definitely have seen it and would have responded sooner!

      Why do we need working W4? Because, when we’re preparing a consolidated statement of financial position, the nci are part of the equity section – they are fellow providers of finance for the component element of the group that is the subsidiary

      OK?

      And next time, unless it’s lecture-specific, post your question on the Ask the Tutor forum!

      • F7 has been a challeging exam.is there any more revison lecture for f7. i notice is some years was work out

      • Melinda, the lectures are all bang up to date (with the one exception of the cash flow worked example to the question Zita – I didn’t re-record after I changed the figures in the question

        Otherwise all the lectures are good

        I will probably need to record something on IFRS 15 but the course notes should be sufficient for your purposes

  10. Hello sir,
    how do I calculate NCI investment valuation? If I follow example 5 there is cost of investment 拢80000 and NCI investment valuation 拢23000 and then total coming 拢103000. how can I calculate 拢23000?
    thanks in advance.

    • Hi, you can’t! I removed it and replaced it with, I believe, the three Ivona and Guido examples

      The lecture stays up simply because it shows me going through the standard moves necessary for a consolidation with an impairment of goodwill

      OK?

Leave a Reply