Free ACCA & CIMA online courses from OpenTuition

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

BPP Black Friday sale! (28 Nov-1 Dec)

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Group Accounts- NCI

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Group Accounts- NCI

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 3, 2019 at 4:37 pm #507290
    Sun
    Member
    • Topics: 27
    • Replies: 9
    • ☆

    Hi Chris,
    Questions about group accounts. Please help. Thanks in advance.

    <Non-Controlling Interest>
    In the Chapter 23 Group account Video 2- NCI & Example 3 in Notes, it’s mentioned we can calculate NCI in 2 methods ( NCI%* S’s Net Asset @ Reporting Date/ FV).

    However, in Video 4 (Example 5), when we calculate the NCI for Reporting Date, why cannot we just calculate by “NCI%* S’s Net Assets @ Reporting Date”?

    Why we have to calculate by “NCI FV@Acquision + NCI%*S’s Post Acquisition RE” instead?

    March 6, 2019 at 10:42 pm #508179
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    Hi,

    Presumably as it specifically states that we have to calculate it using this method, or if we are given the fair value then we use it.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.