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Hey,
I have been watching the podcasts of F7, available here in opentuition. My question is regarding goodwill. I here in Pakistan have learned a method from my teacher for goodwill as:Cost of Investment x
FV of SNA
reserves and sh Cap/pre x
Holding x%
(x)
Parent’s goodwill x
FV of Nci (Given) x
reserves & sh cap/pre x
holding x%
(x)
NCI goodwill x
Consolidated Goodlwill x
Impairment review (x)
Bk value of g’will xand here in the lectures it’s quite different there is no computation for Nci’ goodwill and the teacher Mike I suppose who’s very good says there is no concept of NCI g’will.
I hope you’ll reply soon
Hi, yes I understand your post
Where the nci is proportional, there is no goodwill attributable to the nci.
If the nci is valued on a full, fair value basis, then there IS goodwill attributable to them.
However, the layout I have shown is the layout which Steve Scott at F7 and Graham Holt at P2 expect you to use
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