When I pass the F7 in Dec 2009 we calculated goodwill in two ways – traditional and at fair value. Please advise wheather these two ways are still relevant for the Dec 2012 exams.
BPP study text for exams in 2012 says, that non-controlling interest can be valued in two ways: 1) its proportionate share of the subsidiary’s net assets 2) full (or fair) value.