[gjohnstone00]

Can anyone explain how the disposal of associate was accounted for? It went from a 40% holding, so significant control to 10% so should be accounted for under IFRS 9. Is the template correct to use

Disposal proceeds. X
Fair value of retained interest X
—–
X
Less

Net assets of sub at disposal date. X
Goodwill at disposal date. X
Carrying amount of NCI. (X)

Profit / loss. —–
X
——

Thanks

[gjohnstone00]

Found this a bit of a joke as only gave you one paper to work with. The Kaplan revision text was a waste of time as was still focusing on full concolodation with little narrative. I found question one quite journal entry correction heavy and Kaplan certainly didn’t prepare me for this.

[Author]

Posts