- This topic has 5 replies, 2 voices, and was last updated 12 years ago by
.
- Posts
How to get the nci figure of 30.5 (which is the figure that you say in the video) on calculation of goodwill?
Hi Jessie
I couldn’t remember the question, nor the answer….so I’ve looked for the question on the ACCA website. I’ve recalculated the goodwill figure and agree with the printed solution of 27,000. But I have absolutely no idea whatsoever how I’ve arrived at 30,500 for the nci!
Nci and the basis of their valuation is not mentioned anywhere in the question that I can see and I seem to remember that IFRS 3 revision was not until after this exam, so why would I be using a figure for nci when it’s not given and not relevant for this exam anyway?
Have I really used the figure of 30,500 on the recording?
Yes, u say in the recording…so how to arrive the 30,500 or follow the examiner answer which is no nci in calculation of goodwill?
Then I want to ask if I want to practicing the past year question, until which year is better for practicing(which is update to current f7 int syllabus)?then want to reconfirm are the answer that provided by the examiner it is has been outdated?
In june 2008 question 1 is no need show the nci value in calculation of goodwill?
why in your recording the figure on the income statement profit that attributable to nci is 1600 instead of examiner answer is 2100?(in your working for nci u add share of goodwill impairment 0.5)
in examiner answer,the goodwill answer not minus the impairment of 2m but in your workings of calculation goodwill have minus the impairment of goodwill, so which answer should i follow?
Hi Jessie!
Problem solved!
I was using the Kaplan revision kit and ….. Kaplan are not authorised to reproduce the examiner’s questions precisely. So they make adjustments. And the adjustment which they have made to Patronic is to introduce to paragraph 4 in the question a fair value for the nci amounting to 30.5.
But thanks so much for pursuing this with me – I shall make sure in future that I use the question from the official ACCA website
🙂
- You must be logged in to reply to this topic.