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Dear tutor,
I find it easier to use the method of
Open. N.A + Profit difference to Closing N.A
to find the ex. gain/lossThen to Add GW working to this.
But I have come across in other tuition split of the total exchange rate difference between Parent% & NCI%, bringing only the Parent% into OCI.
But I do not recall seeing this in your lectures.
Can you please advise if this is correct?
Dear Tutor,
I went back and reviewed the lectures and can see that you addressed this in Goodwill, NCI and group retained earnings – ACCA (SBR) lecture.
If partial GW then all goes to Parent.
If Full GW – we need to split Parent % & NCI %?
If so how do we record this in NCI –
If Gain Cr NCI%
If Loss Dr NCI%
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