• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

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

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

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

goodwill

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › goodwill

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by mrjonbain.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 29, 2021 at 7:46 pm #619215
    deekshabee
    Participant
    • Topics: 25
    • Replies: 22
    • ☆

    Why is negative goodwill credited to the statement of profit & loss?
    Someone, please explain in simple words.

    May 2, 2021 at 11:19 am #619424
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    It’s basically because the parent has effectively obtained something for less than its book value ( a bargain purchase) and so this gain is recognised as profit in income statement. Hope this helps.

    May 4, 2021 at 8:23 am #619603
    deekshabee
    Participant
    • Topics: 25
    • Replies: 22
    • ☆

    okayyyy, thank you.

    May 4, 2021 at 9:18 am #619608
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    You are welcome.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • bizuayehuy on Interest rate risk management (1) Part 1 – ACCA (AFM) lectures
  • sokleng on FM Chapter 7 Questions – Investment appraisal – methods
  • Annabelayinloya on IFRS 16 Identifying a lease – ACCA (SBR) lectures
  • Ojoggo on The Statement of Financial Position and Income Statement (part a) – ACCA Financial Accounting (FA) lectures
  • hhys on PM Chapter 4 Questions Environmental Management Accounting

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in