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CONSOLIDATED Of FS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › CONSOLIDATED Of FS

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • August 24, 2016 at 3:41 pm #334916
    thaohuyen67
    Member
    • Topics: 23
    • Replies: 30
    • ☆☆

    Hi teacher,
    I have a question on consolidated FS. I do some examples on this topic and wonder why the investment of Parent in subsidiary on SFP and the consideration (use to calculate goodwill) are different? I think it’s both the value of investment in sub so it should be the same?
    Pls,explain it for me.
    Thank in advance,

    August 24, 2016 at 5:04 pm #334947
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23057
    • ☆☆☆☆☆

    The usual reason for the difference between ‘Investment in subsidiary” and ‘cost of investment ‘ as used in working W2 Goodwill is because the parent has not recorded the full amount of the consideration

    Clearly any CASH element that has been paid as on the date of acquisition will have been recorded

    But any loan note issues, any share issues, and deferred cash that is to be paid sometime in the future – these typically in an exam question are often not recorded

    Does that explain it for you?

    August 25, 2016 at 1:28 pm #335141
    thaohuyen67
    Member
    • Topics: 23
    • Replies: 30
    • ☆☆

    Yes, I understand now.
    Thank you very much 🙂

    August 25, 2016 at 1:41 pm #335146
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23057
    • ☆☆☆☆☆

    You’re welcome

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