Hi Sir,
Thank you for the wonderful video. After your tutor, I have tried to consolidate the SFP, however the liability and asset was not balance. Can you help me with them? Below are my work:
Consolidated BS
Non-current asset $316,279,070
Goodwill $83,720,930
Current asset $180,697,674
Total asset $580,697,674

Current liability $95,348,837
Non-current liability $95,116,279
Share capital $250,000,000
Retained earning $110,930,233
Parent retained earning $110,000,000
Ex change loss on goodwill ($11,015,912)
Post acquisition RE $11,946,145
Total asset & liability $551,395,349

There was 29m unbalance, I don’t know where is the mistake.

Comments

lasid says
October 22, 2024 at 7:49 pm
What’s the formula for the average rate please?
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thanhvan0507 says
September 19, 2024 at 4:43 am
Hi Sir,
Thank you for the wonderful video. After your tutor, I have tried to consolidate the SFP, however the liability and asset was not balance. Can you help me with them? Below are my work:
Consolidated BS
Non-current asset $316,279,070
Goodwill $83,720,930
Current asset $180,697,674
Total asset $580,697,674
Current liability $95,348,837
Non-current liability $95,116,279
Share capital $250,000,000
Retained earning $110,930,233
Parent retained earning $110,000,000
Ex change loss on goodwill ($11,015,912)
Post acquisition RE $11,946,145
Total asset & liability $551,395,349
There was 29m unbalance, I don’t know where is the mistake.
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ranaibrahim77 says
September 13, 2023 at 5:49 am
Interesting
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colster123 says
July 22, 2020 at 12:56 pm
This is a fun module
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