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Goodwill

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Goodwill

Viewing 2 posts - 1 through 2 (of 2 total)
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  • January 24, 2017 at 7:12 am #369150
    chanskel
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    Hi

    Say we gave out a loan to a parent company which owns my company 100% and now that parent company has been bought off and new shareholders account for the loan as goodwill in their books . now how do i account for that loan now in my books?

    January 26, 2017 at 9:18 pm #369863
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    The loan will remain the same in your books, it is just now owed to a different lender. On consolidation thought it will still be eliminated in the group accounts.

    Thanks

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