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Control to control- NCI decrease-insane calculation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Control to control- NCI decrease-insane calculation

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • April 19, 2021 at 9:30 am #618185
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    company uses full goodwill method.

    when that company increases its stake in a subsidiary from 60% to 80%. then NCI falls, by an amount that is proportionate to current carrying amount of NCI. Now current carrying amount of NCI is calcutled as FV at acquisition, then any post-acq changes in reserves and deduct any impairment of goodwill.

    But instead of using the carrying amount of NCI calculated in the aforementioned manner my exam kit just completely IGNORES ANY IMPAIRMENTS and takes the rest as I mentioned earlier, and then does the required multiplications.

    But this is insane! why ignore NCI share of impairments at all???????

    April 19, 2021 at 1:11 pm #618207
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2529
    • ☆☆☆☆☆

    Sounds far more complicated than the exam

    Look at change in NCI – generally given in the exam – and compare to change in cash – difference to reserves.

    If you look at the past exams on groups since the syllabus changed the questions are very simple.

    If you are given the NCI at a date, then any impairment, if relevant, will already have been netted off.

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