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Group Accounts

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Group Accounts

  • This topic has 2 replies, 2 voices, and was last updated 11 years ago by deepmaharaj.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 12, 2013 at 4:59 pm #145684
    deepmaharaj
    Member
    • Topics: 58
    • Replies: 32
    • ☆☆

    Dear Sir / Madam,
    In one of the problems on Group Accounts – Parent first acquires 20% of Subsidiary then acquires 60% further to gain control. Now we are supposed to calculate goodwill ONLY WHEN CONTROL is gained by following method.

    Fair Value of 20% Consideration
    Plus
    Consideration for 60% acquisition

    Less – Net Assets Acquired on the day of 60% Acquisition ( i.e when control achieved).

    ACCA solved answers calculates good will 2 times differently i.e
    1) One for 20% Acquisition separately
    2) One for 60% Acquisition separately.

    Which method is correct and it gives 2 different answers for Goodwill calculation. What is right and what is wrong !

    Kindly guide.

    Deep

    November 12, 2013 at 5:18 pm #145695
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23316
    • ☆☆☆☆☆

    What date was the ACCA question where goodwill was calculated in two stages? That’s the way we used to do it but it was changed when IFRS 3 was revised

    November 12, 2013 at 5:35 pm #145708
    deepmaharaj
    Member
    • Topics: 58
    • Replies: 32
    • ☆☆

    Sir, December 2007 ACCA Solved Answers calculate it separately

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