• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

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

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Goodwill impairment

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

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 8, 2024 at 9:31 am #705087
    quytuan
    Participant
    • Topics: 116
    • Replies: 46
    • ☆☆

    The following information related to the calculation of goodwill in acquisition of findler :”Goodwill of Findler Co of $1,020,000 had been impaired by 25% in the year ended 30 June 20X4. Since the sales proceeds were above the original cost, it was decided to reverse the impairment in the current year which has been credited to administrative expenses in the draft consolidated statement of profit or loss for the Articat group.”
    I want to ask why in the model answer the goodwill impairment is calculated at : 1020k*25% =255k at the year end 30 June 20X5, as the problem only referred to goodwill impaired by 25% in the year ended 30 June 20X4, no more information about goodwill until 30 June 20X5?

    May 8, 2024 at 10:53 am #705091
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3416
    • ☆☆☆☆☆

    Not allowed to reverse impairment of goodwill.

    If the accountant has posted this reversal, we will need to debit admin expenses by 255 – error correction.

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

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Nkhata@48 on CIMA BA3 The Statement of Financial Position and Income Statement (part c)
  • Ruevimbo on AA Chapter 6 Questions
  • shahdiya@780 on FA Chapter 6 Questions Depreciation
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • Salexy on Optimal pricing – equations- ACCA Performance Management (PM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in