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Hello, I have a question: Activity 2: Foreign operation – BPP study text at chapter 15.
I am quite confused the way of calculation of NCI (SOFP) & NCI (SPLOCI).
First, NCI (SOFP).
The calculation includes the NCI share of post-acquisition Retained earnings, NCI share of exchange difference on net assets & GW, Impairment lossesBUT, NCI (SPLOCI): Profit for year.
The calculation only include the NCI share of impairment losses.-> I think that it is inappropriate, why the NCI share of post-acquisition RE, NCI share of exchange difference don’t include NCI (SPLOCI): PFY
Furthermore, NCI (SPLOCI): Total comprehensive income.
The calculation only include NCI share of impairment losses & exchange difference (W9).So, why the exchange difference includes in calculation of NCI (SPLOCI) TCI, if the exchange difference (W9) has replaced for all NCI share of exchange difference above
Sorry, the question is too long, I am so confused this matter. I hope to see your explanations. Thanks tutor !
Not sure why you are worrying – the exam questions ask for goodwill and exchange differences.
I’m afraid I don’t understand your question.
NCI in profit – % s’s profits adjusted for impairment
NCI in TCI – % s’s TCI adjusted for impairment and exchange differencesI’m sorry as my question is too long
NCI (SOFP).
The calculation includes the NCI share of post-acquisition Retained earnings, NCI share of exchange difference on net assets & GW, Impairment lossesBUT, NCI (SPLOCI): Profit for year.
The calculation only include the NCI share of impairment losses.-> Why the NCI (SPLOCI): PFY does NOT include share of post-acquisition RE, NCI share of exchange difference don’t include NCI (SPLOCI): PFY.
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