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Hi, i have a quick question as it is giving me a headache. When there is FV adjustment in group consolidation question (lets say non depreciable land) one entry is to debit PPE but where does second entry go? Thanks a lot!
Hi,
I wouldn’t focus on the double entry as it is too confusing and not necessary for the exam. If you’re interested then it is effectively reducing the value of the goodwill in comparison to its value without the FV adjustment.
Thanks
Hi,
This also has me slightly confused. Just to confirm, if there is an increase in the non depreciable land at acquisition, should this be included in both the “at acquisition” and “year end” net assets calculations?
Hi,
Yes, unless you have been told otherwise then it will still be there at the reporting date as well as at the acquisition date.
Thanks
Thank you.
In terms of the fv adjustment in a group consolidation, why does this movement not go to OCI and what occassions would it.
Thanks again.
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