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Goodwill arose from acquisition of overseas subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Goodwill arose from acquisition of overseas subsidiary

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • May 11, 2020 at 11:05 pm #570580
    lucie13
    Participant
    • Topics: 4
    • Replies: 12
    • ☆

    Hi Sir

    In the lecture of chapter 7 example 3 regarding the fx loss of $11m in goodwill due to different exchange rate used at the date of acquisition and at year end, are we saying that GW arose from overseas subsidiary is revalued at every reporting date for as long as we have the sub?

    Thanks
    Connie

    May 12, 2020 at 4:03 pm #570646
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3397
    • ☆☆☆☆☆

    Perfect yes – every year an XD will be reported in OCI

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