Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Books for Sept'23 ACCA exams : Get your discount code >>
Post your questions & get instant answers
ACCA F7 lectures Download F7 notes
April 8, 2017 at 5:37 pm
Can you explain again why share premium of 1500 in example 10 (Robertas and Ingrida) was left out of the consolidated statement of financial position please?
April 8, 2017 at 8:05 pm
None of that share premium relates to the post-acquisition period and that’s all we are interested in when it comes to consolidating the results of the subsidiary – just the post-acquisition movements
And, at F7, there will NOT be any issue of shares by the subsidiary post acquisition
Finally, if you want to be certain that I shall see your questions and be certain that I shall reply, please use the Ask ACCA Tutor F7 forum in future.
It was pure chance that I happened to see this question in the general forum
April 8, 2017 at 9:03 pm
will do in future 🙂 Thanks for answering.
April 8, 2017 at 9:55 pm
July 19, 2016 at 6:10 pm
Hi! I need some help with negative goodwill explanation.
Suppose, NCI investment is valued by any non-proportionate method,and if we have negative goodwill in W2. Is the negative goodwill to be distributed among both Parent as well as NCI (In W3 and W4), or will it entirely be added just to Parent’s Retained Earnings in W3?
July 19, 2016 at 6:46 pm
Why is this not posted in the Ask ACCA Tutor forum?
The nci has nothing to do with the parent achieving a bargain purchase so the entire negative goodwill is credited to the parent entity
November 2, 2015 at 4:01 am
……In the goodwill calculation the $6000 is time apportioned (7/12 X 6000) because it’s from the previous period right?
November 2, 2015 at 8:22 am
Without looking at the question (it’s not readily available) in the goodwill calculation we need to include as retained earnings the brought forward figure of 20,000 + the pre-acquisition time apportioned profits for this year and if that’s 7 months pre-acquisition and 6,000 profit for this year then, yes, 3,500 is the figure to include in working W2
November 1, 2015 at 5:42 am
I have a question on the consolidated retained earnings. Why wasn’t the $20,000 apportioned? I am assuming it’s for the whole 12 months, right: per the question it says retained earnings at 1 January, 2009, which is from the beginning of the year. I am a little bit confused, can you please explain?
November 1, 2015 at 6:40 am
If 20,000 was already there at the beginning of the year, before we acquired the subsidiary, so in other words pre the acquisition, or in short form pre-acquisition, why would you time apportion it into pre and post?
It’s all pre!
November 1, 2015 at 8:55 am
Thanks Mike it all makes sense now and of course the $6000 is brought forward from the previous period so that is apportioned! Great! thank you indeed. Have a lovely Sunday!
November 1, 2015 at 9:02 am
“and of course the $6000 is brought forward from the previous period so that is apportioned!” …… now that I don’t understand! If it was brought forward from the previous period, why would you time apportion?
May 12, 2015 at 6:25 pm
Please how did u get 23,500 as the Iagrida’s Pre-aquisition Reserve in Working 3
May 12, 2015 at 6:43 pm
20,000 brought forward + 7/12 x 6,000
May 8, 2015 at 12:58 am
Hi Mike you are doing a great job here, I have a question regarding example # 10 while calculating goodwill why you didn’t apportion the amount of B/f into 20000×5/12 ?? whereas you have did the calculation of apportionment for 6000×7/12
May 8, 2015 at 9:37 am
During what period was that brought forward retained earnings made? How much of that period is post acquisition?
May 7, 2015 at 1:11 pm
Regarding the negative goodwill. I have few questions:
1. Does the negative goodwill is considered as income or gain? how the double entry should be? 2. Is that possible for negative goodwill to be remained in financial statement for more than one period ( a year period )? What is nature of negative goodwill?
May 7, 2015 at 3:34 pm
This is all explained in the video lectures!
Check those videos out and, if you’re still struggling, post again
March 13, 2015 at 4:05 am
I have a question in Example 10 in the lecture. When calculating W3, how come Premium is not included in “per q”(under Ingrida colume)? I thought the figure should be 26000+1500=27500 instead of 26000, because other reserves should be treated in the same way is retained earning.
March 8, 2015 at 2:28 pm
Dear mike Ch 7 example 10 w2 good will calculation shows Nci 7,000 so i confusing this figure, how can you calculate it.
March 8, 2015 at 5:33 pm
Fair value of net assets at date of acquisition are $28,000 and the 25% nci is valued on a proportional basis.
Ok from here on?
February 8, 2015 at 11:39 am
is there a way i can download this. my internet during my study ours is extremely poor its frustrating. i loose concentration when the video is buffering
March 8, 2015 at 6:04 pm
Lectures are not downloadable, hence they are free.
You must be logged in to post a comment.