Forum Replies Created
- Posts
I passed my final exam P7. Can’t believe no more exams. Woohoo. Well done everyone.
I just tried to enter for an exam and it says ‘No exam for this session’ for September and December.
It’s all getting very stressful now. I am waiting for my final P7 result and also received that email about 2 hrs ago. Worries me as it specifically mentioned P3 and P7.
Final exam I just hope and pray for 50 marks.Sorry it wasn’t Fair value of net assets it was fair value of existing interest (that had gone up) less the carrying amount of the associate(which was the cost plus profit since acquisition)
So the gain of whole 12 million? And where will it go within p&l? The reason for my confusion is I saw a similar question and on there they have a line as if they have sold the associate which is FV of net assets at acquisition date less the carrying amount of the associate. So the figure ended up being gain but less the profit the associate had made since acquisition. Not sure if my question makes sense. But would be grateful if you could clarify a bit more.
hi
was wondering if you could help me understand what happens in p&l when a Parent has an associate but buys more share and ends up turning that into a sub. the bit I am very confused about is if there is an increase in the FV of existing interest in SOFP that goes in the group retained profit. but what happens to it in the SPLOCI? So if referring to chapter 7 example 1 – ((Jeremy). so there is gain on existing interest from 40 – 52 so total of 12. how do we treat this in group SPLOCI? I am really struggling with this. any help will be appreciated.
thanks