Impairment of goodwill

Doesn't matter about the columns too much, as you won't be asked to prepare full financial statements. If you were using columns, and it's full goodwill, I would show the full amount (100%) of the impairment in S's column. But you are more likely to be asked to calculate just one or two figures (e.g. goodwill, impairment, and profits/ TCI attributable to NCI.

SFP Full goodwill Dr GRE x Dr NCI x Cr Goodwill x Cr Net Assets x (if impairment exceeds net assets) Partial goodwill Dr GRE x Cr Goodwill x Cr Net Assets x (if impairment exceeds net assets) P&L In both cases the full amount of impairment is recognised in operating expenses in P&L. If full goodwill, you would have to adjust NCI %PAT / TCI for impairment. REASON Full goodwill is measured on whole business, including the NCI share. FINAL COMMENT In the real exam remember that journals are not explanations - so go easy on them!