Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Financial Reporting – Goodwill Calculation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial Reporting – Goodwill Calculation

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 16, 2022 at 11:53 am #671606
    navidmodhej
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi there,

    Should the net asset at acquisition amount used in the Goodwill calculation not be Book Value (BV), rather than FV? (page 103 of notes)

    Many thanks,

    Navid

    November 17, 2022 at 8:49 pm #671758
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    No, on consolidation we include the assets and liabilities at FV as this then reflects more accurately what has been paid to acquire the subsidiary.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.