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For Q100 on 508 of BPP 2017 F3 textbook, it asks for the profit attributable to the equity owners of Jessica Group who own 75% of Patpost Co.
When calculating the NCI the book uses the figure from the consolidated profit for the year. Is this right? i.e. (25% x 1979) – unrealised profit.
I thought that the NCI is taken from Patposts Co profits for the year? i.e. (25% x 780) – unrealised profits.I don’t see the sense in attributing some of the profit from the consolidated profit to the NCI as it includes the parent company’s profit too. Or am I just plain wrong?
Thanks.
Sorry but I do not have the BPP Study Text (only the Revision Kit) and so I have not got the question you refer to.
Have you watched my free lectures on consolidations? The lectures are a complete free course for Paper FA (F3) and cover everything needed to be able to pass the exam well. If you are watching the lectures then you do not really need the Study Text (but you do need the Revision Kit, because practice at exam standard questions is vital to passing the exam).
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