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September 29, 2020 at 8:28 pm
Helpful and appreciating, But it is more executed for learner if deliberating lecture slowly. Thanks.
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
September 9, 2020 at 10:47 pm
Only because we did not take into account the OCI in the last example, but we grouped it all within RE to simplify. It should be however recorded as a credit of OCI.
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.
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