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Ask the Tutor ACCA SBR

Consolidation Disposal Scenario

Ffazeel9310y ago
Why we take complete impairment of goodwill in income statement while in retained earnings only the group share?
P2-D2P2-D2Tutor10y ago#1
Hi, It is because we control the subsidiary and we consolidate 100% of the subsidiary to show control. We do then split out the ownership similar to what we do in the groups SFP with our allocation of the group profit attributable to the parent and NCI at the bottom of the group SFP. Thanks
Ffazeel9310y ago#2
thanks i understand
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