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Hi,
I would like to know if we need to calculate an increase/decrease in NCI when there’s a reduction/increase in holding of a subsidiary. Would there be any other knock-on impacts on other calculations?
Also, what would be the impact when an operating lease has to be re-classified as a finance lease (as per the revision in IAS 17)?First question – have you read through the course notes, or listened / watched the video lectures? Do that, and then post the question again if you are still in doubt
Second question – what do you mean by “Impact”? If this is the correction of a fundamental error, you’d go back to the start of the operating lease and restate the affected financial statements as though tit had been correctly treated all the way through as a finance lease. Is that what you meant?
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