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NCI

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › NCI

  • This topic has 3 replies, 2 voices, and was last updated 10 months ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • April 11, 2022 at 8:47 am #653061
    thanh123
    Member
    • Topics: 44
    • Replies: 30
    • ☆☆

    Hello, I have a question: Activity 2: Foreign operation – BPP study text at chapter 15.

    I am quite confused the way of calculation of NCI (SOFP) & NCI (SPLOCI).

    First, NCI (SOFP).
    The calculation includes the NCI share of post-acquisition Retained earnings, NCI share of exchange difference on net assets & GW, Impairment losses

    BUT, NCI (SPLOCI): Profit for year.
    The calculation only include the NCI share of impairment losses.

    -> I think that it is inappropriate, why the NCI share of post-acquisition RE, NCI share of exchange difference don’t include NCI (SPLOCI): PFY

    Furthermore, NCI (SPLOCI): Total comprehensive income.
    The calculation only include NCI share of impairment losses & exchange difference (W9).

    So, why the exchange difference includes in calculation of NCI (SPLOCI) TCI, if the exchange difference (W9) has replaced for all NCI share of exchange difference above

    Sorry, the question is too long, I am so confused this matter. I hope to see your explanations. Thanks tutor !

    April 11, 2022 at 9:46 am #653070
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    Not sure why you are worrying – the exam questions ask for goodwill and exchange differences.

    I’m afraid I don’t understand your question.

    NCI in profit – % s’s profits adjusted for impairment
    NCI in TCI – % s’s TCI adjusted for impairment and exchange differences

    April 11, 2022 at 11:26 am #653077
    thanh123
    Member
    • Topics: 44
    • Replies: 30
    • ☆☆

    I’m sorry as my question is too long

    NCI (SOFP).
    The calculation includes the NCI share of post-acquisition Retained earnings, NCI share of exchange difference on net assets & GW, Impairment losses

    BUT, NCI (SPLOCI): Profit for year.
    The calculation only include the NCI share of impairment losses.

    -> Why the NCI (SPLOCI): PFY does NOT include share of post-acquisition RE, NCI share of exchange difference don’t include NCI (SPLOCI): PFY.

    April 12, 2022 at 10:50 am #653141
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    P&L only shows profit for THIS YEAR less current year impairment
    OCI only shows XD for THIS YEAR

    So NCI will only show their share of the above.

    Whereas NCI in SFP is considering CUMULATIVE post acq profits and CUMULATIVE XD

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