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SOFP

This topic has 5 replies, 2 voices, and was last updated 5 years ago by John Moffat.

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June 22, 2020 at 8:47 am #574451
victorwilson
Participant
- Topics: 19
- Replies: 27
Dear Mr. John,
In order to calculate the Goodwill and Retained earning in the exam, will it be given the format or structure to input the value ?
Regards,
Victor
June 22, 2020 at 8:56 am #574453
John Moffat
Keymaster
- Topics: 57
- Replies: 54699
No – you need to learn how to calculate them.
June 22, 2020 at 9:57 am #574458
victorwilson
Participant
- Topics: 19
- Replies: 27
In addition
While calculation of goodwill:
Total cost of Investment -Total Net asset = Good will
But what if it come negative , meaning Total cost of investment low & total net asset high?
Regards,
Victor
June 22, 2020 at 2:24 pm #574471
John Moffat
Keymaster
- Topics: 57
- Replies: 54699
It will not be negative in Paper FA (that is something you can worry about in later exams 🙂 )
June 23, 2020 at 8:04 am #574510
victorwilson
Participant
- Topics: 19
- Replies: 27
Noted Thank you..
June 23, 2020 at 8:16 am #574513
John Moffat
Keymaster
- Topics: 57
- Replies: 54699
You are welcome 🙂
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