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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Dec'12 answers for F7 are online at ACCA website
Answers from ACCA for 2012 Dec session are online: https://www.accaglobal.com/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f7/past-exam-papers/international.html
Previously while discussing Dec exams I was confused about goodwill calculation in question 1.
And now I know that I did right when I substracted 450k (contingent liability) while goodwill calculating 🙂
It is also interesting that I calculated goodwill in question 1a at the date of financial statements (and other students also mentioned 6million, i.e. after impairment), but the question clearly asked to calculate goodwill at the date of acquisition. Need to improve my reading 🙂