Goodwill and contingent assets/liabiltiesForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Goodwill and contingent assets/liabiltiesThis topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 5, 2022 at 11:05 am #670708 sjustinMemberTopics: 1Replies: 0☆In calculating goodwill how would deal with a legal claim against a subsidiary which is regarded as possible?I’m quite confused on this question, is it meaning that it should be in your goodwill calculation ? November 5, 2022 at 11:50 am #670710 Stephen WidbergKeymasterTopics: 15Replies: 3383☆☆☆☆☆Yes – recognise all liabilities, no matter how remote, at fair value.IFRS 3 rules on contingencies are completely different to IAS 37.You may find it useful to watch our lectures on this again.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In