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December 2012 Q1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › December 2012 Q1

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by kylerlu.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 6, 2017 at 12:33 pm #365316
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Sir Chris!

    Just want to ask about a negative Goodwill. In working goodwill for Heeny, I got (66), a negative goodwill for Heeny.

    For the group NCI I got 327.62 which is short by 67 from the answers. I was wondering if it has something to do with a negative goodwill? I’m quite confused with goodwill’s impairment test and allocation of impairment loss to CGU…

    I hope you can make a video on this one. Just if you’ve got the time. Hope to hear from you soon.

    Best regards,
    Kyler

    January 7, 2017 at 7:14 am #365387
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    And Sir Chris just a follow up question. How would we know if we should use partial goodwill or full goodwill?

    Sometimes on the exam it says full goodwill method is used. From my understanding if fair value NCI are given then full goodwill method should be used. And if NCI is at its “proportionate share of the fair value of sub’s asset…” Then partial goodwill should be used?

    Thanks a lot!

    January 8, 2017 at 7:51 pm #365674
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    The question will tell you which one to use.

    You’re correct on your understanding of fair value method and proportionate share method too. Well done.

    Thanks

    January 23, 2017 at 10:53 am #368958
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Thanks Sir Chris!

    I am reading Q4 questions now and it’s one new information after another. Fingers crossed on this one. 🙂

    Have a great day!

    Best regards,
    Kyler

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