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Group SFP – Example (Basic consolidation) – ACCA Financial Reporting (FR)


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Comments

  1. Lugendran says

    April 5, 2021 at 11:05 pm

    the Total Assets are : 6900
    Total E + L = 6755 ( 2000 + 2175 + 2580)

    It did not balance sir. Please to clarify me on this sir. Thank you

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  2. Lugendran says

    April 5, 2021 at 11:03 pm

    Yes its the same with what got.I’m confused. pleplease to clarify this sir. thank you.

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  3. lydiaxuxin says

    July 12, 2019 at 10:11 am

    Hi why the full goodwill cannot be calculated as:
    1380/75%-(1000+480)=360
    as 1380/75%=1840 stands for the total FV of the Erica as of Jan-20X3, and (1000+480) is the total book value of net assets of Erica as of Jan-20X3, so the difference should be the total good will

    I guess it is because i did not use the NCI=450 as of Jan-20X3, but I still get confused why there is the difference?

    Thank you!

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  4. mazai says

    October 24, 2018 at 3:19 pm

    Hello,
    I am confused why the S’s post-acq. profit is not from W2) Net Assets @post-acq.?

    Instead you take S’s RE differences (see below)
    w4) NCI = NCI @acq. 450000 + 25%* (660000-480000)= 495000

    If you prepare w2) then the S’s post-acq. profit will be : 4040-1480=2560

    In the example 7, you use the S’s post-acq. profit from W2) Net Assets @post-acq., but why not to do the same in this example?

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    • mazai says

      October 24, 2018 at 3:41 pm

      please ignore this message, i made a mistake in calculating w2)
      All is correct 🙂

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  5. sxhawty says

    August 15, 2018 at 8:30 am

    How is it that we used the Fv method when it didnt say it in the question? I thought we were to assume that we are going to use proportional method unless stated otherwise?

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    • P2-D2 says

      August 15, 2018 at 9:05 am

      Hi,

      We are given the NCI at fair value in the question, so we should therefore use it to calculate the NCI and goodwill.

      If we weren’t given the fair value of the NCI then we would have to use the proportionate share of net assets method.

      Thanks

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  6. aarina says

    June 29, 2018 at 11:45 am

    sir the total asset and total E&L are not balanced after consol
    why is that so?

    TA: 6900
    TE&L: (2000 + 2175 + 2580) = 6755

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    • tehreemkhan123 says

      July 10, 2018 at 10:50 pm

      no your doing the addition wrong. here is the actual adittion in SFP
      for ASSETS part we also incorporate Goodwill
      hence:
      6900+350=7250

      for LIABILITIES we have to add NCI in equity hence:
      2580+2175+2000+495=7250

      HOPE U GET IT 🙂

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      • nazrin8434 says

        July 15, 2018 at 9:10 pm

        Hi sir,

        is the total of liability is 1840+740= 2580?

        Kindly correct me if aim wrong

        thank you

      • anishgunness says

        April 2, 2019 at 7:57 pm

        Thanks

      • P2-D2 says

        August 15, 2018 at 9:11 am

        Hi,

        Good work tehreemkhan123! Yes, the consolidation balances provided that you include the goodwill in the asset total and the NCI in equity.

        nazrin8434, yes the liabilities are 2,580.

        Thanks

      • anishgunness says

        April 2, 2019 at 8:01 pm

        thanks nazrin

      • coolgurl210 says

        August 26, 2019 at 8:40 pm

        Hi please how did you arrive at the 2,175 figure in the total liabilities computation?

      • iamdyn says

        June 24, 2020 at 10:11 am

        Hi, 2175 is group RE which was calculated in the lecture.

      • saabu says

        July 26, 2020 at 5:12 pm

        Thank you !

    • Lugendran says

      April 5, 2021 at 11:01 pm

      Yes its the same with what got.I’m confused. pleplease to clarify this sir. thank you.

      Log in to Reply

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