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Intra-group balances

This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.

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December 7, 2012 at 12:48 pm #56260
lsoltobaeva
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when preparing the consolidation, should we make eliminating entries FIRST and then calculate goodwill and NCI? or vice verse?
December 7, 2012 at 7:47 pm #110883
MikeLittle
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Working 2, goodwill, is as at date of acquisition. Working 3 and cancellation entries are as at date of balance sheet.
So …. do working 2. Work out cancellations and then cancel
Then do working 3 for consolidated retained earnings
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