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Dear Tutor
J Group is an example in accounting for associate in BPP Study Text. In that example, they accounted the whole amount of impairment in the retained earning for the group. Should they account some of the impairment when calculating NCI?Thanks
Who owns the Associate? Is it the parent, or is it the subsidiary?
If it’s the parent, why should you think of charging the nci in the subsidiary with an element of the fall in value or our investment.
If it’s the subsidiary, then still “no”. We only bring into the consolidation the parent’s share of the associate’s assets and results
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