consolidated statement of income.

I don’t think that I have a working W3A, nor a W3B in F7!

Goodwill impairment treatment in the Statement of Income is to charge the full amount (not just our share) against the year’s profits. Where you include it depends on the examiner’s instructions. Sometimes you’re told to treat it as part of cost of sales, other times it’s administrative expenses and sometimes there are no instructions from the examiner in which case I would show it as a separate expense after “Gross Profit”

Hi Marilyn

Well, how unusual! W3 is always only ever to do with retained earnings and we only come across working W3A and W3B in P2!

I must have been having a strange day when I called Goodwill b/f W3A ….

…and then I really blew it when working W3B has been used for the NCI

It must have been a senior moment I was suffering.

Of course, the nci is always in working W4 – W4A for the nci on the Statement of Financial Position and working W4B for the nci interest in this year’s subsidiary profits.

Oh dear – I think I’ll go and lie down for a few minutes

Hi, no, I was being truthful! As you should by now have realised, all my workings are pre-numbered and I always stick to that logical flow of thought.

That’s why I’m finding it so hard to come to terms that I have deviated from my “standard” layout.

Never mind – although I feel bad about it, I’m sure that I’ll get over this feeling of guilt

And thanks for pointing it out