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Business combinations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Business combinations

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by AvatarMikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 5, 2016 at 2:35 am #319473
    AvatarAnuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    For consolidationg questions, if for example it is stated that the impairment in associate is $300 000. Out of which, 100 000 relates to the current year.

    For SOPL :
    To calculate the Share of profit from investment in Associate .
    – We only account for the current year impairment of $100 000 right ?

    For SOFP:
    To calculate investment in associate.
    – We account for the entire impairment of $300 000 right?

    For group retained earnings:
    – We account for the entire impairment in associate of $300 000 right ?

    June 5, 2016 at 7:27 am #319497
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Yes, yes and yes

    June 5, 2016 at 8:53 am #319529
    AvatarAnuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Thank you.

    June 5, 2016 at 9:12 am #319540
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You’re welcome

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