[aiahadulislam]

If the consideration paid exceeds the share of FV of net assets, it is recognised as goodwill. If it falls below the share of the FV of net assets, it is recognised as a bargain purchase just like a subsidiary.
This is mentioned in IAS 28 para 32 a and b

[aiahadulislam]

As far as I have heard, employers in the UK prefer ACA (ICAEW) for audit roles. I am not sure if this is true since I do not live in the UK.

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