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Goodwill impairment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Goodwill impairment

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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    Posts
  • January 16, 2022 at 8:25 pm #646260
    alawi sayed
    Participant
    • Topics: 152
    • Replies: 166
    • ☆☆☆

    Hello Sir,

    from Kaplan revision kit 301 Plastik Co

    The goodwill was impaired by $500,000 .why the impairment was not shared between the parent and subsidiary.It was fully debited to NCI Retained earnings.

    Even though the fare value method was used of valuing the NCI at acquisition.

    Thanks Sir,

    January 18, 2022 at 7:55 pm #646964
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6443
    • ☆☆☆☆☆

    Hi,

    I’ve not got the revision kit to had but if the goodwill is valued under the fair value method then any impairment will be attributed to both the parent and the NCI. This means that P’s share will go through the group retained earnings and the NCI share through the NCI calculation.

    Thanks

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