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FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)

VIVA Subject Guide
 

44 Comments

  1. sadeekxasharma
    SCORE 100%
  2. ABDI
    100% Excellent explanation
  3. Melinda
    I am finally getting it :-) 100%
  4. John MoffatTutor
    Great :-)
  5. Nayana
    100%
  6. HENRY
    SCORE 75%
  7. Tiffany
    Same
  8. Arkam Jaseer
    is there any chances of acquiring of 50%,80% or something else
  9. John MoffatTutor
    Yes - it can be any % (more than 50% for it to be a subsidiary). Have you watched the free lectures on this?
  10. Bintou S
    This is superb I got 100% . All thanks to opentuition
  11. sansan
    Thank you, I got 100%
  12. Hiba
    omg i got 100%
    thank you so much for your effort in this amazing website!
  13. John MoffatTutor
    Thank you for your comment :-)
  14. Sejuty
    Thank you so much Sir...
  15. Ravendra Arjune
    Really understandable, thank you.
  16. John MoffatTutor
    Thank you for your comment :-)
  17. stacythomas
    This lecture have been so clear and understanding. Thanks sir
  18. John MoffatTutor
    Thank you for your comment :-)
  19. Lucky Christopher Machekano
    So simple following the lecture.
  20. Manuga
    Thank you Mr. Moffat. I got 100%??
  21. John MoffatTutor
    Great :-)
  22. Manuga
    Thank you Mr. Moffat. I got 100%
  23. Thae
    I got all answers right!! Thank you, Sir John Moffat!
  24. Liew
    Dear Mr Moffat,

    Can you please show us example for calculation of goodwill when the acquired company has negative equity?

    Thank you

    Benny
  25. John MoffatTutor
    What on earth for? There would be no relevance at all for Paper FA.
  26. Francisca
    Thank you so much Mr Moffat you are so clear in your presentation.
  27. jonabbaszaidi
    In Q4, why isn't the fair value adjustment incorporated in your given solution?
  28. eldinsvraka
    Because it is related to calculation of goodwill. It is a "trick" amount, given on purpose to make you think it is relevant. Retained earnings are calculated ALL of P's + (Retained earnings of S - Pre Acquisition Retained Earnings).
  29. haider
    Sorry to bother again, I normally do 4 workings when it comes to group accounts, working 2 is Net Asset where add all pre-acquisition figures such as SC + RE+ NCI value at the acquisition date only to work out the Goodwill calculation, for Retained earnings "Working 5" i take the difference between pre and post acquisition percentage of holding (here 100%) plus parent earning to get the total group retained earnings.
  30. John MoffatTutor
    You are correct, but again you have not said what question you are referring to and I have already explained about the fair value adjustment.
    Again, have you watched the free lectures?
  31. haider
    Am I missing something? I thought fair value adjustment should be included in the consolidated statement of financial position!!!
  32. John MoffatTutor
    I do not know which question you are referring to.
    However it seems that you are missing something - the fair value adjustment does not appear separately in the SOFP. The value non-current assets in the consolidated SOFP is adjusted by the fair value adjustment, and it is taken into account in calculating the goodwill arising on consolidation.

    Did you watch the free lectures before attempting this test?
  33. Patricia
    thank you sir moffat I got all questions...your vids are the best...
  34. John MoffatTutor
    Thank you for your comment :-)
  35. Risvy
    I got all answer right. Thank you Sir John Moffat. Your technique about pre-acquisition,Good will arising are awesome and Easy. I think by using your this technique i will never be problem with pre-acquisition and good will arising in my life.
  36. taqi1
    Dear John,
    What does it mean in Q2 " the first value of non-current asset was 15K more then their carrying values"?
    i could not get it
  37. John MoffatTutor
    Sorry - it is a typing error and I will have it corrected.
    It should read 'the fair value' (not 'the first value'). Obviously the relevant of 'the fair value' is explained in the free lectures.

    Thank you for bring the error to my attention.
  38. taqi1
    Got it.
    Thank you so much for your help full and advantageous Lectures,Notes and comments. I learnt a lot.
  39. John MoffatTutor
    Thank you for your comment :-)
  40. Camille
    I got all right!!!!!
  41. John MoffatTutor
    Congratulations :-)
  42. Camille
    I can't see any questions
  43. John MoffatTutor
    The test is working fine - try again :-)
  44. Francisca
    Thank you so much Mr Moffat you are so clear in your presentation ??

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