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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidation
i am a bit confused on impairment of goodwill
In consolidated statement of profit/loss how to account impairment of subsidiary and associate?
Can anyone help mi please
Impairment of subsidiary is charged to the Consolidated Income Statement as a separate item, after the finance costs.
Impairment of associate is deducted from the associate’s post-acquisition profit. Parent’s share of the adjusted post-acquisition profit is taken to the CIS.
in income statement do we take the full amount for impairment?
yes
Can someone please email me the mock exam for f6 & 7 thank you!
havajoyfullday@yahoo.com
Appreciated while i await f7