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September 19, 2022 at 2:51 pm
How come we deduct all of the impairment in the associate for the Group Retained Earnings and Investment in Associate Calculations, instead of just the parent’s % ownership like we do with a subsidiary?
December 4, 2021 at 6:00 pm
3:12 impairment goodwill every day? – i suppose it should be once a year
January 21, 2022 at 6:47 am
Impairment test on goodwill have to be done every year. (IAS-36)
September 22, 2020 at 2:31 am
Please if the subsidiary’s year end is more than 3 months after the parent’s year end, do you consolidate?
Also, if it is within 3 months after, or 3 months before the parent’s year end, what do you do exactly? You mentioned something about adjustment, how is this done? Thank you.
September 12, 2020 at 3:16 pm
Hi – who is the NCI?
September 7, 2020 at 4:47 pm
hi sir, may I know what does that means non-cotermious YE? I not really understand about this part.
October 17, 2022 at 11:22 pm
Non-conterminous year end from my understanding means both parent and subsidiary have different year ends, meaning they are not consistent
May 25, 2020 at 2:13 pm
Pls what does PUP mean or represent?
May 25, 2020 at 4:50 pm
Provision for Unrealised Profit
May 28, 2020 at 4:49 pm
May 26, 2020 at 4:49 pm
Profit on unrealised profit
May 26, 2020 at 4:50 pm
Sorry provision for unrealised profit
May 15, 2020 at 7:20 am
I want to know changes in fair value of net assets acquired after acquisition date’s journal entries. I noted that we can re-adjust retrospectively if that changes meet conditions. So, if fair value of net asset increase, should we re-adjust as debit in group’s non-current assets and credit in subsidiary’s post profit?
May 10, 2020 at 1:20 pm
The explanations and illustrations is great, thank you tutor.
March 15, 2020 at 9:54 pm
fantastic lecture…you are an amazing teacher..
February 2, 2019 at 11:16 am
Based on PUP, if associate sells to parent, why do we debit w5 when parent and associate aren’t consolidated? If associate is selling to parent, the profit sits with the associate isn’t it? And if that’s the case then the parents retained figures aren’t affected.
Is this right?
Thanks for your help. Sarah
May 24, 2019 at 11:25 am
It is a bit odd but regardless of the direction of the transaction, the entry is to debit the share of profit of associate (SPL) and credit the investment in associate (SFP) with the investor’s share of the profit.
September 1, 2018 at 2:04 pm
hi sir, i am a little bit confused about that at the end of lecture, referring to adjust unrealised profits P to A, why need to Cr. Investment in A?
January 4, 2019 at 9:20 am
We would normally take the entry to the inventory but as the inventory is in A’s books we cannot take it there as A’s inventory is not included within the group accounts. We therefore have to take the entry to the only element of the associate that is included within the group accounts, and that is the investment in associate.
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