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Old Example 5 – used in this lecture
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Is it just me or is the lecture or lecture notes out-dated? the examples in the lecture doesn’t seem to match with the notes
Probably because the notes are subjected to an annual review and, as notes are added or removed, the page numbers in the course notes referred to in the video lecture will change as a result of those updates
You should easily be able to find the examples with very little effort!
Awesome lecture.
I am trying to understand the reason why 6000 and not nil is being used in calculating consolidated retained earnings
When calculating for the fair value of the subsidiary鈥檚 net asset retained earnings is nil
Because the entire $6,000 is post acquisition. Ausra acquired the shares in Dainius on the date of Dainius’ incorporation 1 January, 2009.
Between date of incorporation and acquisition date Dainius has not had time to generate any pre-acquisition profits
OK?
Hello can I know what the updats in the book of F7 december2017
Becouse i have the old book
for what the situation? Does the share of good will impairment should be deducted from the NCI ?
Whenever the nci is NOT valued on a proportionate basis
So, if nci is on a full, fair value basis, then they are charged with their share of the goodwill impairment
Thanks Sir !
and your lecture is much useful to me^^
Sir I’m sorry to say that…
The content that u explained on the lecture is not accordance with the lecture u’ve uploaded.
Hopefully u would change or update the note.
I can’t find the lectures with the notes. I can’t find some examples in the notes
Why have we added the Director’s proportion of NCI (8,000) to the cost of investment in w3, please? I don’t understand that part.
I meant workings 2, rather
In working W3? Surely not
And what do you mean by “… the director’s proportion of NCI …”
I have no idea at all what you are talking about!
Sorry
Please make it a bit clearer
Ah!
It’s not the “… director’s proportion of NCI …”
The $8,000 is the value of the NCI investment – 40% of the fair valued net assets as at date of acquisition ie 40% x $20,000 share capital
Hi sir,
Please help me clarify the following:
Goodwill is the premium paid by the parent when they are acquire the sub..Then why are we apportioning it between the parent and sub..when it is impaired?
Or probably I didn’t get the concept right?
Thank you.
OK I got it from your lecture video…thank u sir
I got it once I saw ur lecture…thank u sir
Its always a good idea to watch a topic through to the end before you start asking questions!
Hi Sir,
Is there a specific thecnique to impaire a goodwill during the annual impairement review ?
Thanks
Do you mean “How do the directors decide in real life whether or not goodwill should be impaired?”
If that’s what you mean – I’m sorry 馃檨 I simply do not know!
Maybe someone else who has experience of working in audit could throw some light on this – but it lies beyond my practical experiences
If that’s NOT what you meant, then I don’t feel that I have understood your question, sorry
Hi Mike
I appreciate your work.
kindly assist me as to why the NCi (basically W4) is necessary for the purposes of group accounts.
regards
Sam
Not to worry got it..
If you had posted this on the Ask ACCA Tutor forum I would definitely have seen it and would have responded sooner!
Why do we need working W4? Because, when we’re preparing a consolidated statement of financial position, the nci are part of the equity section – they are fellow providers of finance for the component element of the group that is the subsidiary
OK?
And next time, unless it’s lecture-specific, post your question on the Ask the Tutor forum!
F7 has been a challeging exam.is there any more revison lecture for f7. i notice is some years was work out
Melinda, the lectures are all bang up to date (with the one exception of the cash flow worked example to the question Zita – I didn’t re-record after I changed the figures in the question
Otherwise all the lectures are good
I will probably need to record something on IFRS 15 but the course notes should be sufficient for your purposes
Hello sir,
how do I calculate NCI investment valuation? If I follow example 5 there is cost of investment 拢80000 and NCI investment valuation 拢23000 and then total coming 拢103000. how can I calculate 拢23000?
thanks in advance.
The question was answered in the Ask the tutor Forum 馃檪
https://opentuition.com/topic/example-5-chapter-7-consolidate-statement-of-financial-pisition/
Thanks Moniq 馃檪
Hi tutor, please, where can I can the question solved on this video?
Hi, you can’t! I removed it and replaced it with, I believe, the three Ivona and Guido examples
The lecture stays up simply because it shows me going through the standard moves necessary for a consolidation with an impairment of goodwill
OK?