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Impairment of Goodwill acquired in a business combination.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Impairment of Goodwill acquired in a business combination.

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  • August 15, 2018 at 3:00 pm #468011
    gangsta1
    Member
    • Topics: 75
    • Replies: 10
    • ☆☆

    If goodwill is tested for impairment and the goodwill was computed using the Gross method, the impairment loss arising, how would this be reflected in the profit or loss statement.

    August 17, 2018 at 3:36 pm #468236
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    If there is an impairment under the full goodwill method then the impairment must be allocated to the NCI too. To do this you would include the impairment in S’s column in our standard working and then the NCI will receive their share when we calculate the NCI.

    Thanks

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