- This topic has 1 reply, 2 voices, and was last updated 6 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
How was your exam? Comments & Instant poll >>
OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Mid year acq
When completing consolidations for mid year acquisitions, do you only pro rata the SPL and the retained earnings in the SOFP?
Hi,
Yes, the group SPL show the revenue and costs for the year ended, and therefore we wil pro-rate these from the acquisition date as that is from when we had control.
On the SFP we just need to work out the retained earnings at the acqusition date to allow s to calculate the net assets at that date for our goodwill working, and also to help calculate the post-acquisition movement in net assets/retained earnings.
Thanks