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Consolidated Cash Flow Doubts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Consolidated Cash Flow Doubts

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 22, 2021 at 9:12 pm #618552
    jareerabedin
    Member
    • Topics: 91
    • Replies: 72
    • ☆☆

    Dear Sir,
    In calculating NCI movements for cash flow purposes, why do we take total comprehensive income into consideration, where as for retained earnings of the parent, we only consider the net profit?

    Secondly, in cash flow preparatory question of the bpp revision kit, parent acquired subsidiary for $5m, paid with $1m cash and $1,5m $1shares. In share capital they took $1.5m as share capital issued due to subsidiary and in share premium, they took (5-1-1.5) as the premium because of the acquisition of the subsidiary….could you kindly explain this?

    April 23, 2021 at 1:09 pm #618597
    Stephen Widberg
    Keymaster
    • Topics: 15
    • Replies: 3073
    • ☆☆☆☆☆

    Movement on NCI will be total gains, whether in profit or OCI

    Movement on RE is profit only

    When preparing CF:

    b/d SC + SP
    plus
    Share issue SC + SP – share issue recorded at market price on date of issue
    equals
    c/d SC + SP

    Don’t ever split up SC and SP – look at the two together.

    April 23, 2021 at 3:38 pm #618622
    jareerabedin
    Member
    • Topics: 91
    • Replies: 72
    • ☆☆

    Thank you so much!!!

    April 25, 2021 at 11:29 am #618812
    Stephen Widberg
    Keymaster
    • Topics: 15
    • Replies: 3073
    • ☆☆☆☆☆

    My pleasure

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Consolidated Cash Flow Doubts’ is closed to new replies.

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