P2 technical article – complex groups

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March 5, 2017 at 1:19 pm #375719
dumonde
Participant
- Topics: 28
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Hi there,

I don’t suppose you could help me understand the answer in this technical article could you?

https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p2/technical-articles/complex-groups.html

I am struggling to understand where the net assets at Y/e figures of $775 and $324 come from, although I can hazard a guess… The problem is the only table the writer hasn’t provided is the equity tables and these numbers are affecting all of my computations, e.g. RE, NCI, Impairment of G/W etc etc
March 5, 2017 at 2:23 pm #375728
dumonde
Participant
- Topics: 28
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not to worry, I think I have sorted it..

There are adjustments in Del ($20) and ($5) in Retained Earnings and in Trigger of ($70) and $14 in RR taking me to $775 and $324 respectively.

This is one of the first I have seen where the year end figures needed to be restated in the equity table, I have seen may where the FV difference leads to a change in both acquisition and y/e but none that just affected y/e….

I will just keep going….
March 6, 2017 at 8:51 pm #376079
P2-D2
Keymaster
- Topics: 4
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Keep going and don’t give up. I doubt there will be a question as challenging as this in the real exam. Stay confident going into the exam.

Thanks
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