NCI Impairment Goodwill Proportionate method

Hi, also would like to know the double entry of the impairment loss for proportionate method and full fair value method. Thanks.

Proportionate goodwill means that goodwill is only calculated on the parent's share of the subsidiary - what the parent paid compared to what the parent got. So, the full amount of the impairment is charged to the parent. DR RE CR GW Full goodwill is calculated on the whole subsidiary - what the parent paid PLUS what the NCI would have paid if they had been buying the subsidiary compared to what EVERYONE got. So, the impairment is SHARED between the parent and the NCI. DR RE DR NCI CR GW

Hi, Just to clarify the full goodwill that double entry. By Dr. RE (Deduct parent portion RE) and Dr. NCI (Deduct NCI portion RE) right?

Perfect

Well noted. Thanks Stephen :)

My pleasure.