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NCI under proportionate method

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › NCI under proportionate method

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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    Posts
  • November 6, 2022 at 3:56 pm #670784
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir in NCI under proportionate method, will all the following things will come in its format:

    FV of Net assets of S co at Acq date x NCI%
    Add S co post RE x NCI%
    Add/less: Exchange gain or loss on Net assets of S co x NCI%
    Add/less: Exchange gain or loss on goodwill x NCI%
    less: GW impairment x NCI%

    Sir I am not sure about last 2 titles i.e Ex gain or loss on Goodwill and GW impairment.Will these 2 come in above format or not?

    November 7, 2022 at 7:37 am #670817
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3447
    • ☆☆☆☆☆

    In proportionate method the last 2 titles will NOT appear. You are correct.

    🙂

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