FRConsolidated statement of financial position

It already is included within the closing inventory The only thing you have to worry about is the elimination of the pup

in the note if question does not state where to include the depreciation charge of a plants FV then where should i include it in the statement of profit and loss Admin expense or cost of sale

Normally in cost of sales. It COULD be in Admin but it would be unusual for the examiner not to tell you where depreciation is to be included These questions would be better in the Ask ACCA Tutor forum!

If there is a change in fair value of parents asset then will it always be included in the consolidated retain earning

June 2016 consolidation question note 4 ) the financial asset equity investment of Zanda co and Medda Co are carried at their fair value at 1 april 2015.at 31 march 2016 these had fair value of $6.1 million and $1.8 million respectively,with the change in Medda co investment all occurring since the acquisition on 1 oct 2015 1) why didn't we include the change in fair value of subsidiaries equity investmen in calculation of consolidated goodwill?????? 2) How should i treat this note when,suppose parent acquired subsidiary company in 1 april 2015 instead of 1 oct 2015 (year end 31 march 2016)???????

Hi Tutor, Please correct me if I am wrong. 1. It is a goodwill we are calculating and not the consolidated goodwill as S does not have goodwill. P is buying. 2. The goodwill calculation is at the date of acquisition. Only the FV of S @ DOA is included. So the change in FV could not be part of the goodwill computation. 3. The consolidated retained earnings is today, so the FV today (if still) should be included in the computation to have the FV of returned earnings. Minus the pre-acquisition return gives you the post acquisition retained earnings. In short, goodwill and retained earning are balance sheet position we are computating. The change in FV will only impact the Profit and Loss. Daniel.

Daniel, what is it about you that you expect Mike to answer your questions when you post them on a page that you KNOW that he rarely looks at He's told you before, and I'm telling you now, if you want him to reply to your questions then you have to ask them on the Ask ACCA Tutor forum! But if you ask them on that pforum you can virtully guarantee that he'll get back to you