Free ACCA & CIMA online courses from OpenTuition

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

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September & December 2024 exams.
Get your discount code >>

Goodwill (F.V adjus’t impact)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill (F.V adjus’t impact)

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 18, 2021 at 12:53 am #644482
    Sourav9271
    Participant
    • Topics: 170
    • Replies: 120
    • ☆☆☆

    Whilst calculating Goodwill will contingent liability And
    Fair value increase(thus excess depreciation )
    Or fair value decrease needs to be adjusted
    Within Net current asset?

    December 27, 2021 at 8:11 pm #644925
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7027
    • ☆☆☆☆☆

    Hi,

    The contingent liability is recorded at fair value on acquisition within the net assets working. It is also recorded at the reporting date at either the same value, or if there have been changes to the fair value at its updated value.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.