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August 8, 2022 at 7:18 am
Yeey!! 100% .So proud of myself..Thanks Mr. John Moffat
John Moffat says
August 8, 2022 at 8:42 am
November 2, 2021 at 8:10 am
very informative lectures and i learned an awefull from the tutor
November 2, 2021 at 3:27 pm
Thank you for the comment 🙂
February 5, 2021 at 8:02 pm
The Notes, and the video lectures, are as simple as they should be, and we are fortunate in having access to such useful resources. Thanks to OpenTuition, and thanks to the learned Tutor, Mr Moffat!
February 5, 2021 at 7:54 pm
That’s right, Sir, we should do that. However, having said that, we also need to appreciate the fact that these quick checks are indeed very helpful in making sure we have correctly grasped what’s been explained in the videos. Thanks to OpenTuition, and thanks to the learned Tutor, Mr Moffat!
January 3, 2021 at 5:02 pm
Thank you so much well explained got it all
November 30, 2020 at 7:55 am
Hi…in question 1 you used share capital of y??? U said we have to use share capital always of the parent company which is 62000.. please explain why u used the share capital of subsidiary company..
November 30, 2020 at 9:36 am
I do not say that at all !
When calculating the goodwill we take the consideration paid + the fair value of the NCI and subtract the net assets of Y at the date of acquisition (which equals the share capital + reserves at the date of acquisition).
May 3, 2020 at 8:18 am
Hello sir, The questions were not so much complicated as I faced on Kits published by KAPLAN and BPP, by the way, thanks a lot.
May 3, 2020 at 10:31 am
These tests are just meant as quick checks as you work through the lectures. That is why we say it is vital that you have a Revision Kit from one of the ACCA approved publishers!!
February 5, 2021 at 7:50 pm
April 30, 2020 at 1:15 pm
It was very useful, thank you Sir.
April 30, 2020 at 4:02 pm
Thank you for your comment 🙂
July 10, 2019 at 7:07 am
again I got 100 woow let me practice more using bpp and Kaplan thank you sir moffat
July 10, 2019 at 12:36 pm
Well done 🙂
November 12, 2018 at 1:33 pm
In Q5, 100% of the share capital of Apple is considered in the non-controlling interest amount (instead of 30% as I incorrectly assumed ), however, in Q3, for the non-controlling interest we do apply only the percentage that is not controlled (10%). Does it have to do with the incorporation date? I did watch the lectures before attempting the practice question but I find this a bit confusing now.
Many thanks in advance.
November 12, 2018 at 6:08 pm
But 100% of the share capital of Apple is not considered as the NCI. The NCI is the value of it at the date of acquisition (40,000) plus the NCI’s share (30%) of the earnings of Apple since the date of acquisition – exactly as I explain in the lectures 🙂
November 13, 2018 at 12:19 pm
Thanks, I think I see now where I went wrong.
November 13, 2018 at 2:25 pm
You are welcome 🙂
April 27, 2017 at 5:35 am
Hi. In question 4, i don’t understand why we are taking the whole 50000 of share capital instead of 70 percent of it. I always assumed if the parent company does not own 100 percent of the subsidiary then they shouldn’t take the whole amount rather the controllable percentage amount. please explain 🙂
April 27, 2017 at 5:45 am
When calculating the goodwill, we compare the total value of the subsidiary at the date of acquisition (the cost of the parents share, plus the fair value of the non-controlling interest), with the total book value of the assets of the subsidiary at the date of acquisition (the full share capital of the subsidiary plus the full pre-acquisition retained earnings of the subsidiary).
(We used to do it differently, but the ‘rules’ changed many years ago).
I do suggest you watch the free lectures – this is all explained in the lectures (and you really should watch the lectures before attempting the tests).
October 5, 2016 at 3:18 pm
It is good quiz . it gives me more challenge .
I need to more exerces.
October 6, 2016 at 4:54 am
You must buy a Revision Kit from one of the ACCA approved publishers – they contain lots of exam standard questions to practice on, and practice is vital.
July 18, 2016 at 2:29 pm
How many questions on consolidations are expected from the actual exam
July 18, 2016 at 5:53 pm
Certainly 1 question in Section B, and likely several questions in section A.
March 29, 2016 at 6:08 am
If Y was acquired at a later date after incorporation then would it be wrong?I was confused as in questions they give you the value of NCI at date of acquisition and you have to add it to the consideration.
March 29, 2016 at 6:32 am
If the acquisition was at a later date, then yes – you would be given the fair value of the NCI.
March 29, 2016 at 6:36 am
March 29, 2016 at 7:00 am
March 28, 2016 at 12:15 pm
In question 1 why did you multiply 24000 *10% and called that value Non Controlling Interest.24000 is the share capital is it always like this i have seen that in questions they give you the value of Non Controlling Interest?
March 28, 2016 at 1:39 pm
The 2,400 is the fair value of the NCI at the date of acquisition. Because it was acquired on incorporation the fair value of the NCI was simply their share of the share capital.
Have you watched the free lectures on consolidations before attempting the test?
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