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Goodwill from associate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill from associate

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  • October 20, 2021 at 10:30 pm #638654
    alawi sayed
    Participant
    • Topics: 153
    • Replies: 166
    • ☆☆☆

    Hello Sir,

    Is there any goodwill could arise from the purchase of associate and if so how we can to deal with it in the consideration as well as in case of impairment if any.

    Thanks,

    October 23, 2021 at 8:47 am #638842
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6453
    • ☆☆☆☆☆

    Hi,

    Goodwill will only arise on the acquisition of a subsidiary. There is no goodwill on the acquisition of an associate under equity accounting.

    Thanks

    October 23, 2021 at 11:22 am #638886
    alawi sayed
    Participant
    • Topics: 153
    • Replies: 166
    • ☆☆☆

    Thanks a lot Sir.

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