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Hi Sir,
I’m confused with how to approach a CSFP question.
Here is how i do it..
1. First equity table (now, at acqn and post acqn)
2. goodwill (this is ok!)
3. nci (this also ok!)
4. retained earnings (this also ok!)
5. group csfp (this is also ok!)Now i get confused with adding FV adjustments at equity table ugh!
Also please guide me a way to approach an Group income statement question.
Thank you so much
4sna – have you watched the video lectures? I take a class of students through all the steps from step 1 right the way through to preparing statements of financial position and of profit or loss – one step at a time
And you’re very welcome to do the assignment in the way that you have laid out. That’s not the way I do it – in fact, I don’t see how you can even do step 1 without first of all calculating pups – but if you feel that that is the easiest way, that’s fine.
But please watch the videos and see if you can follow that step by step approach. trust me – it’s easy!
I started watching the videos. It looks like an uncomplicated approach.
I think what i was doing was creating the net assets list first and getting confused in a long question with that.
But i was watching the lecturers. It’s very helpful! ( a bit longer as creating net assets while in the retained earnings) but easy to remember! And i think i got where i was going wrong!
Thank you
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