hi im a new student to P2 and i noticed in the video lectures that the “old” method that was used for the calculation of goodwill is not used as mike said that he’s not allowed to teach that anymore. i was wondering is it that that method is just not taught or would one be penalised for using it in an exam. i would really like to know as i am comfortable with that method and i would like to know if i would have to learn a new one or not.
I suggest the “new” method. It’s not a major trial to learn it, and the examiner seems to like it. In addition, the F3 ( yes, F3 ) examiner stated that this “new” method is the only acceptable one so far as F3 is concerned.