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So, every time I start a new consolidation question I seem to find another adjustment…. my question is a v simple one. Is there a definitive list anywhere that tells me which adjustments impact NCI, which affect retained earnings, which affect cos?, which affect goodwill etc. At the moment I’m trying to work it out from example questions in the Kaplan exam practice kit but I keep missing things. Any thoughts? Thanks
Btw the notes are great – thanks, just after a bit more detail.
Hi,
The key to remember is that if it impacts the post acquisition earnings then it will impact both the NCI and group retained earnings.
If it impacts the net assets at acquisition then it will impact the goodwill.
If you keep working through the questions then you should find that it all sticks. The key with these exams is question practice.
Thanks
In Chapter 8 solutions for Joint Arrangements.
for Answer 1
The Lyon SFOP must show PPE as 40% along with depreciation 40%. But this shown as full amount. Please advice.Secondly in CHAPTER 4 Solution for Answer 1 the total Post Acquisition figures(amount) should be $5000 but this is shown as $4000 amount.whether these are typo errors or others. Please advice.
Thanks.
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