Hi
Am I correct in saying that when we do consolidation that if goodwill is impaired then this is split between nci and parent, in what circumstance do we take all parents share of this? Is this only done when nci is
At proportion assets method?
Also when considering pup we have to take out all pup value off profits
If we are considering total comprehensive income for group, if we are
Doing income for nci element we only adjust if sub sold to parent?
So if parent sold to sub and we are calculating income for whole group then we take out total value of pup off income figs for palrent when consolidating?
CIMA Forums
Consolidation
9y ago#1Hi,
If goodwill is calculated under the full method then the impairment needs to be split between the parent and NCI. If goodwill is calculated under the partial goodwill method then the impairment goes in full to the parent.
With regards the PUP then we need to deduct the PUP from whoever sold the goods. If S sold them we adjust S's profits and in turn this impacts the NCI. If P sold them we adjsut P's profits but this doesn't impact the NCI.
Thanks
O.k thanks
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