Exam Tips / Exam focus for SBR INT June21 exam

Group (Q1a 30 marks, the area may be covered)
Business combination (IFRS 3)
– goodwill calculation NCI fair value method
The implication in changes of ownership:
-Step acquisition mid of the year to gain control – goodwill on gain control (i.e 40% to 70%)
– Subsequent disposal mid of the year retaining control (i.e 70% to 60%)
– calculate gain or loss on partial disposal, treatment in the financial statement
– Partially disposal losing control (associates) (i.e 70% to 40%)
– calculate gain or loss on partial disposal and their treatment
– Foreign exchange gain or loss treatment in the financial statement.
– Impairment and revaluation of assets, impairment when goodwill is calculated as a full or proportionate method
– Employee benefits
– Deferred Tax
– Financial instruments

*Cover syllabus area of C & D for first 50 marks
* read the relevant technical article