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can pooling of interest method be used for above?
pooling of interest isn’t covered in IFRS 3 right?can pooling of interest be used as per IAS 8?
Accounting policies?ok thank you
then a benefit realisation review would be done along with a post implementation review?
@sandersgreen2 said:
88%, completely surprised myself!For those who have been asking how to pass, my tactic is to thoroughly read through the study text (I use BPP but I’m sure Kaplan is just as good) and then go through the practice and revision kit (a large selection of past paper questions) at least twice. I put in about 20 hours a week studying most weeks, which feels crazy when I’m also working a 40 hour week, but I’ve not failed one yet.
will it be easy to self study P6 and if yes how long will it need?
@eddienel said:
First time pass YEAY 🙂
When I walked out of the hall I was sure I failed as I stuffed up on the consolidation, so this was a surprise! My strategy of first doing the options questions and then the consolidation paid off, as I know I WOULD’VE spent to much time on Q1.
If you failed, hang in there, and consider your exam strategy.Congrats to all passed
Alhamdhullilah i passed at first attempt with 61 although i didnt answer for 14 marks .i too recommend the same approach section B first.the method really paid offok but in
PARK the impairment is allocated as :
Impairment 300·3
Less notional goodwill on NCI (53·3)
Impairment loss to be allocated 247Allocated to:
Goodwill 80
PPE 167
Total 247but in CAPTIVE they have not deducted the notional goodwill to allocate the impairment to goodwill
Goodwill impairment on grossed up amount 76·25
Goodwill impairment on Traveler’s share (80% x 76·25) 61
(above is what is given in the answer)
shouldn’t the goodwill impairment allocated like this :
impairment of 76.25
(-) notional goodwill of 30.05 ( ie. what you have calculated )
impairment to be allocated 46.2thus impairment to be set off against goodwill is 46.2
and thus NCV of goodwill of captive being 74 ( ie. 120.2 – 46.2 )
