• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Consolidated comprehensive income statement

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidated comprehensive income statement

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by Hien.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 16, 2018 at 12:55 am #458908
    gulliver
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    I have a problem with the following data:

    1. Parent acquires 6 years ago 80% common shares and 20% preferred shares of subsidiary.
    2. Subsidiary at acquisition had 80k retained earnings.

    3. Actual profit and loss statements for the two companies.
    4. Goodwill impaired by 10k

    Required:
    Consolidated comprehensive profit and loss statement

    ooooooooooooooo

    My questions:
    A. How do I work goodwill impairment?
    B. What do I have to do with the retained earnings of the subsidiary at acquisition (80k)?
    C. Can I say that the non controlling interest is just 20%?

    Thank you!

    June 16, 2018 at 12:57 am #458909
    gulliver
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Clarification:
    C. Non controlling interest calculated as 100%-80% parent’s acquisition of common shares

    June 18, 2018 at 5:18 am #459203
    Hien
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    My opinion is:

    A. GW impairment of 10k shall be written down from subsidiary’s RE. This amount should be shared between parent and NCI;
    B. You should be provided with post requisition RE so that you can decide how much will be shared.
    C. 20% preferred shares shall be recorded as financial instrument, right?

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • julio99 on Impairments – Impairment (CGU) – ACCA Financial Reporting (FR)
  • effy.sithole@gmail.com on EPS – diluted EPS Example – ACCA Financial Reporting (FR)
  • Ken Garrett on The Finance Function in the Digital Age – CIMA E1
  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in