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Goodwill

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 21, 2015 at 4:10 am #277961
    mansoor
    Participant
    • Topics: 423
    • Replies: 541
    • ☆☆☆☆

    when fair value is used to value NCI, the goodwill shown in the csofp also contains a figure for goodwill that is attributable to nci.

    my question: why dont we deduct the gw attributable to nci? but i guess that wd just be a presentation issue right?

    GW Acquirer ….. X
    GW NCi ………… X
    ————————-
    ……………………..X

    if the proportionate method is used to value NCI, there is no gw attributable to NCI. correct?

    October 21, 2015 at 8:19 am #278010
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    “if the proportionate method is used to value NCI, there is no gw attributable to NCI. correct?”

    Correct

    And if you’re thinking of showing nci-attributable goodwill separately, why not also show the nci-TNCA attributable separately and how much of the Receivables figure is attributable to the nci

    In fact, you could have an entire nci-attributable statement of financial position if you wanted!

    Point taken?

    October 21, 2015 at 8:21 am #278012
    mansoor
    Participant
    • Topics: 423
    • Replies: 541
    • ☆☆☆☆

    yup…. taken…. thanks

    October 21, 2015 at 8:30 am #278018
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    You’re welcome

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