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Dear Ms,
Could you kindly confirm whether we should know how to compute the goodwill for a partial acquisition or calculate full disposal for the AAA?
thank you
Please see the syllabus: https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p7/syllabus-study-guide/p7-international-int-syllabus-study-guide.html#
D5e) Recognise the audit problems and describe audit procedures specific to:
? a business combination, including the classification of investments
? the determination of goodwill and its impairment,
? group accounting policies,
? intra-group trading,
? equity accounting for associates and joint ventures,
? changes in group structure, including acquisitions and disposals,
? and accounting for a foreign subsidiary.[3]You won’t have to do the calculations – this is AAA not SBR – but you have to know HOW goodwill or profit/loss on disposal is calculated – otherwise you can’t possibly suggest how to audit it.
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