Goodwill-Consolidations

This topic has 7 replies, 3 voices, and was last updated 14 years ago by MikeLittle.

Viewing 8 posts - 1 through 8 (of 8 total)

Author
Posts
December 9, 2010 at 10:41 am #46804
valentinat171
Member
- Topics: 18
- Replies: 34
Dear Mike,
Just wanted to confirm if companies still have a choice over a method of consolidation (with NCI’s goodwill and without) or has one of the methods been banned now please?
Many thanks,
Valentina
December 9, 2010 at 11:17 am #74070
MikeLittle
Keymaster
- Topics: 27
- Replies: 23309
If it’s been banned, could you please let me know!!!!
December 9, 2010 at 11:21 am #74071
valentinat171
Member
- Topics: 18
- Replies: 34
I don’t know as I am using a 2008 textbook and 2008 study kit…..
so, there were no changes since 2008 then?
The reason I am asking is because some fellow students mentioned it to me, so I wanted to confirm one way or another…
December 9, 2010 at 11:22 am #74072
MikeLittle
Keymaster
- Topics: 27
- Replies: 23309
Not to my knowledge. And in fuller response to your earlier post, no, no penalty for not adding up your balance sheet.
December 9, 2010 at 11:24 am #74073
valentinat171
Member
- Topics: 18
- Replies: 34
Thank you so much!
December 9, 2010 at 1:27 pm #74074
MikeLittle
Keymaster
- Topics: 27
- Replies: 23309
welcome
December 10, 2010 at 12:32 pm #74075
Anonymous
Inactive
- Topics: 0
- Replies: 18
In CONSOLIDATION INTRA-GROUP TRADING
Can U plz tell me treatment if an ASSOCIATE (40%) is selling Goods to our SUBSIDIARY (80%) at cost plus 40% Mark-up and 10 million of those goods are lying with subsidiary at year end?
February 1, 2011 at 1:12 pm #74076
MikeLittle
Keymaster
- Topics: 27
- Replies: 23309
It looks like reduce Assoc’s profits / ret ears by 2.857m. ( 10m* 40/140 )
Then, when calculating parent’s share of Assoc’s profits, that will be 40% * ( A’s profit after tax as reduced by this 2.857m )
Author
Posts

Viewing 8 posts - 1 through 8 (of 8 total)

You must be logged in to reply to this topic.

20% off ACCA & CIMA Books