past papers

Hi aliisa

Sorry, but there are no plans to record any P2 answers for December from past papers :(

ohhh thats alright mike , you've helped me alot already . anyways mike i gotta ask you something .. i was watching the p2 lectures on consolidations and i was really confused about one thing . in chapter 3 , example 4 .. when your working out the goodwill in Working2 , after deducting the FV of NA @ DOA from the cost of investment , you get the goodwill figure , but then you allocated the group's share of that good will to each column , 70% for the first column and 2/15 and 7/15 for the 2nd and 3rd column .. BUT you didnt do this goodwill allocation thing in previous example , which is example 3 .. is there any reason for that ?

Hi

Only because in the Anda example, there is a "D" shaped group with three different acquisitions. The goodwill allocation was because in Kristina the nci was proportional whereas in Liene the nci was at fair value

Does that explain it?

yes it does , thanks again mike.

You're welcome