FRGroup accounting

Debit statement of profit or loss, somewhere! and credit the asset of goodwill. The amount will be the full amount of the impairment ie not just the parent's share but the nci share of the impairment too The debit will be included as an expense somewhere in the profit or loss - in the F7 exam the examiner will likely tell you where to include it eg as part of cost of sales or as an administrative expense. If there is no indication in the exam question I would be inclined to show it as a separate expense after gross profit OK?