• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

NON CONTROLLING INTEREST

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › NON CONTROLLING INTEREST

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 12, 2021 at 5:32 am #614218
    Mulalu
    • Topics: 2
    • Replies: 1
    • ☆

    Good Day Sir John,

    The Non Controlling interest is suppose to be added to the Fair Value of Consideration that is the Transferred however the Revision kit for exams from 1 september 2018 to 31 August 2019 (financial Accounting FFA/FA) the subtracted the amount what would be the reason for this ? the question is 25.3 for Prestend

    March 12, 2021 at 7:59 am #614251
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49583
    • ☆☆☆☆☆

    I am assuming that you are referring to the BPP Revision Kit.

    It is an error in the answer.

    It does say “plus fair value of NCI at acquisition”, and that is correct – we do add it.

    However in the arithmetic they have subtracted it and that is a mistake.

    (If you follow the instructions printed inside the front cover of the Revision Kit to access the Exam Success Site, then you should find an errata sheet listing any mistakes in the book.)

    March 12, 2021 at 9:23 am #614259
    Mulalu
    • Topics: 2
    • Replies: 1
    • ☆

    Thank you,

    One more how about questions where the percentage of the share capital is not given how does one calculate it?

    March 12, 2021 at 2:38 pm #614292
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49583
    • ☆☆☆☆☆

    If it not given then you can calculate it yourself because in the SOFP of the parent company it will state how many shares they own in the subsidiary, and in the SOFP of the subsidiary company it will state how many shares they have in issue in total.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Alistair02 on MA Chapter 1 Questions Accounting for Management
  • AymanR7 on Practice Question Klopp
  • Kyle on Translation of the subsidiary – ACCA (SBR) lectures
  • John Moffat on Discounting, Annuities, Perpetuities – ACCA Management Accounting (MA)
  • Joanne94 on Discounting, Annuities, Perpetuities – ACCA Management Accounting (MA)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy