[mohsinahmed]

<cite>@stephencommey said:</cite>
hi i forgot to write the paper version will my paper be mark or will it go against me? Thanks

bro you need to phone the acca. and ask this issue. or write an email to acca.

[mohsinahmed]

the method of full goodwill which i have learned form lsbf lectures is following:
Goodwill (controling interest):-
FV of consideration
Less: FV of net assets ( CI% * FV of net assets)
Subtotal
Goodwill ( Non controling interest):-
FV of NCI
Less: FV of net assets ( NCI% * FV of net assets)
Subtotal
Full goodwill ( Goodwill CI + Goodwill NCI)

[mohsinahmed]

<cite>@sujawahab said:</cite>
it’s not wrong. that’s what i did too. because this is the method used in kaplan text books.

the partial goodwill method is;-

FV of consideration
Add: FV of NCI( FV of Net Assets * NCI%)
Less: FV of Net Assets
Partial Goodwill

you can reconfirm it from any book.

[mohsinahmed]

<cite> @fg2011 said:</cite>
yes, it is proforma for goodwill measured at FV
But I am talking about partial goodwill method (which was used in part A of question 1)

That is why i am asking –
Will I be given full marks for calculation under Partial method of goodwil if I used the following proforma –
consideration paid
+ plus NCI share of net assets at acqusition date
– minus all net assets of subs at acquision date
I have found that in some answers the following proforma is given for partial method of goodwil

consideration paid
– minus parent share of subs net assets at acquision date
The answer will be the same but I am worring about the the proforma which I used for partial goowill metod

THANK YOU!!!

dear bro you have mixed the 2 methods of goodwill.
the method of full goodwill which i have learned form lsbf lectures is following:

Goodwill (controling interest):-
FV of consideration
Less: FV of net assets ( CI% * FV of net assets)
Subtotal

Goodwill ( Non controling interest):-
FV of NCI
Less: FV of net assets ( NCI% * FV of net assets)
Subtotal

Full goodwill ( Goodwill CI + Goodwill NCI)

[mohsinahmed]

<cite> @fg2011 said:</cite>
Dear friends could you help me?
Will I be given full marks for calculation under partial method of goodwil if I used the following proforma –
consideration paid
+ plus NCI share of net assets at acqusition date
– minus all net assets of subs at acquision date
I have found that in some answers the following proforma is given for partial method of goodwil
consideration paid
– minus parent share of subs net assets at acquision date
The answer will be the same but I am worring about the the proforma which I used
consideration paid
+ NCI share of net assets at acqusition date (NCI % multiplied by net assets at acqusition date)
– all net assets of subs at acquision date
Please, tell me what do you think?

No bro you made a mistake.
actual proforma is:
FV of consideration at date of acquisition
+ FV of NCI
– FV of net assets at acquisition date
total goodwill

[mohsinahmed]

the total impairment was 300. from it we only needed parent,s share of goodwill which was (300*60%) = 180
from 180 figure 80 was to be allocated to goodwill. as a result goodwill was became 0.
the remaining 100 was to be written off from PPE.
thats how it should have done.

[mohsinahmed]

<cite>@anamariachi said:</cite>
I got the same figures. So it is either the same mistake, either the same good approach 🙂

the impairment was 180.
because we had to calculate notional goodwill first which was (80*100/60)

[mohsinahmed]

NCI was $959m.

[mohsinahmed]

the over all exam was ok.
In question-1 the goodwill of park was 80
the goodwill of caller was 398
& impairment of proportionate goodwill was 180. (because we had to calculate notional goodwill (80*100/60).

[Author]

Posts