OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
If you have benefited from our materials, please spread the word so more students can benefit.
To help us keep materials up to do and add new content you can also donate
July 12, 2020 at 7:42 pm
Thank you very much for magnificent tuition.
September 25, 2019 at 1:58 pm
Hi, in the previous video we deducted the exchange loss on goodwill($11m) from the group retained earnings, and we have now deducted it from OCI, aren’t we double counting?
November 28, 2019 at 4:23 pm
Hi, would that not be the double entry? DR OCI CR Goodwill
May 17, 2020 at 9:36 pm
Don’t think so. In real life it would be Dr FX loss Cr Goodwill
January 2, 2019 at 9:18 pm
Hi there, my question is when we were translating net assets we calculated post acq profit as balancing figure and we got 15. However for p&l the post acq profit is different as it is converted using average rate. Can you please help me understand the difference and if it is different then how are we balancing debits and credits.
January 4, 2019 at 9:33 am
The difference is the translation gain/loss that is recognised through other comprehensive income.
You must be logged in to post a comment.