SBR*** ACCA Paper SBR September 2018 Exam was.. Instant Poll and comments ***

From memory, and i may be wrong..............It was a discussion around the differences between Intangible Asset recognition under IFRS and FRS102. Well that was part of it anyway.

You haven't discounted the consideration since it will be paid after one year from the date of acquisition. I have assumed the discount rate of bond i.e. 5%

@gjohnstone00 said: 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

Its wrong template, this is used whenever the subsidiary get converted to associate on disposal of shares.