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Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
wow, I love this professor’s way of teaching and humor. Not dull at all and makes you feel better. Engage him in more videos
Please note that answer is showing wrong figures in Goodwill and NCI working.
After watching the videos, I realised that NCI at acqn for S is $25m not $10m, hence goodwill total of $70m and NCI total of $26.2m
i thought we would need to take only the relevant proportion of investments held by the group in Steyn & Adams.. can u pls advise? thx..
Dear sir
Good Afternoon,
The video and notes have not matched, because on the NCI calculation is wrong either way.
Would you please kindly correct it or explain the issue is made on either way.
Kind Regards
VJ
Hi,
Qu1/ Why do we have to consolidate the Sub’s sub even the effective control of 48% (less than 50%)? shouldn’t it be an associate !
Qu2/ Where is the double entry of the $24,000 ? its included only in the NCI working of Steyn
Hi Shaina,
Q1 The group’s effective shareholding could be less than 50% and it would still be a subsidiary. In the example the parent company owns 30% of the voting rights(direct holding) and the 30% of the sub’s voting rights since it possess 60% of it. In total parent controls 60% of the voting rights.
Q2 the double entry is the following
DR NCI
CR Goodwill (W3)*
*(the adj the tutor made 60% of the 60k, the 60000-36000=24000)
Kallis and Steyn both great cricket players.
But who is Adams?
must be Jimmy Adams from West Indies
Paul Adams. Famous South African spin bowler in the 90’s. Also know as Gogga.
haha opentuition clearly likes cricket … from the west indies cricket team to south africa too lol
Future questions will have to include other teams too. Maybe Kohli could be a parent company and Dohni a subsidiary.
And Misbah as P with Afridi as S 🙂
Thank you so much for your tutorial. It is very helpful.
hi, we have to consolidate the Sub’s sub even the effective control of 48% (less than 50%)?
great!