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I did it!, but I couldn’t have done it without Gillian Moorse(gillian@absolutementoring.uk). I was short of time, and I needed a mentor who really knew her onions to guide me straight to the point, and she did just that!
She takes her mentoring role very seriously and was so responsive that I was often challenged to keep up. My meetings with her were very insightful because of her wealth of knowledge, her reviews were very detailed and her feedback was very constructive. The best part was her encouraging words after every review, they really boosted my confidence and kept me going. She pointed me to what to look at, while I did the work and had fun while at it.
I started my RAP just about a month before the submission deadline, and I passed with a B on my first attempt. Having a great mentor is the number one key to passing this research project, and I definitely will recommend Gillian.
I found this on the open tuition forum.
Hi mike, if the fair value of Subsidiary`s inventory were greater than its book value @ acquisition, i know the difference is included in NA of S@DOA while calculating g/will.
what are the relevant accounting entries if the inventory is not sold during the year? and 2) if it is sold in the year? thanks in advance.Answer:
No accounting affect if it is sold before the year end – cost of sales will include the fair value adjustment of the inventoryIf it’s not sold by the year end, the inventory still held by the subsidiary that was under-valued as at the date of acquisition will be valued at its fair value at the year end
Guess that resolves the argument about the goodwill calculation.
Hi mike, if the fair value of Subsidiary`s inventory were greater than its book value @ acquisition, i know the difference is included in NA of S@DOA while calculating g/will.
what are the relevant accounting entries if the inventory is not sold during the year? and 2) if it is sold in the year? thanks in advance.