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January 14, 2021 at 8:37 pm
Sir, I have two questions.
1. What do we do if the subsidiary had pre acquisition retained losses?
2. In the exam, will we have questions where the parent is buying two companies or is buying one company and is an NCI in another?
December 9, 2020 at 9:21 am
wonderful lecture. sir i was wondering why we take the goodwill arising on consolidation as whole and yet P did not own S 100%. i feel we calculate the percentage of goodwill for P share in S just like we did to retained earnings. please explain.
John Moffat says
December 9, 2020 at 10:01 am
We are treating the group as if one big company. If the parent does not own 100% then the part owned by the NCI is shown as owing to them separately.
November 18, 2020 at 12:34 pm
Well delivered lecture sir like always ! Make difficult things easier.
October 18, 2020 at 6:59 pm
I’m finally getting group accounting. Thank you!
September 9, 2020 at 6:45 pm
Enjoyed the lesson. But just wondering why when determining the value of subsidiary ( to calculate Goodwill) we only use S share capital,S retain earnings at acquisition and fair value adjustment . Why don’t we add value of assets for the Subsidiary at acquisition to determine the value of S ? Feel Goodwill end up being over stated .
September 10, 2020 at 8:50 am
The net assets of a business are always equal to the share capital plus reserves.
February 23, 2020 at 5:50 am
one of the best lectures i have attended
February 23, 2020 at 10:53 am
Thank you for your comment 🙂
February 19, 2020 at 11:53 pm
Dear Mr Moffat,
Now I understand everything, It feels so wonderful!
It’s virtually the same thing we have been doing when P acquires 100% of S. I hope my exam in 2days has a lot of this as questions. Thank you very much.
February 20, 2020 at 7:19 am
October 10, 2018 at 7:34 pm
hi Sir i didnt get the concept of Fair Value i mean we didnt pay it to the Subsidiary we just decided the value that should be why we are calculating it in our statements? Thankyou
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