G/w

Hi Chris,

May i know in what instances do we need to gross up g/w ?

I initially thought in order to deduct the impairment loss from goodwill, we need to gross up the g/w that is being measured at partial method.

So basically grossing up only happens when we WANT to find how much is the impairment to g/w yes? and only that in that instance.

So if NCI is partial, then the impairment loss (IL) if for partial (ie parent) and so deducted in full? and no apportionment of IL to NCI and IL only goes to gpRE (consol reserve) in full yes?

Wow consol in bpp vs kaplan is turning my head topsy turvy hahah I honestly like kaplan presentation but like bpp explanation better.

For group question in exam, how exactly is it being tested?
Extractions or full preparation? or is it extraction only just for standards?

Also can you provide somewhat of a list of the scenarios (issues) that could possibly revolve around group? so far i got:

– 2 or 3 acquisition ( at most yes? in one group)

– with step acquisition: CONTROL RETAINED
NCI reduction
NCI increase

– with step acquisition: CONTROL LOST
gain/loss on disposal
remaining investment
remeasurement of g/w

– with subsidiary
find g/w impairment (IAS 36: CA >RA = IL)

– with overseas subsidiary:
G/w partial or full
Exchange differences – NA & GW (IAS 21)

Is there anything more that you know?
I want to know everything, the core key that could likely be tested.

Best believe i dont want any exam to derail my life anymore. When i was in uni, i was waiting for someone to help me to guide and practically show some mercy.. one lecturer freaking disown me, because they live paycheck to paycheck and its not in their passion to help struggling students, and everyone was like so kiasu (means selfish here) and i was waiting for a sign or whatever freaking waiting for something.. until i said eff to everything and live in my own world.. then fast forward waiting game happened at work last time when i was waiting for my supervisor to give me a breakout promotion/another task, which promises were LIES so i said eff this and that perverted dude.. and left the company to study acca, point being im freaking done waiting, stagnant life. Sometimes i feel like a genie in a bottle waiting to be released and thrive. Sometimes i feel like jay gatsby looking at the green light. So we beat on, boats against the current, borne back ceaselessly into the past.

– Anyway, is there a consol SOCF of foreign subs?