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Pre-Acq profits in Sub

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Pre-Acq profits in Sub

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by sheikhshafiq.
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  • November 10, 2011 at 4:53 pm #50418
    numbersgame
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    can any one plz explain how to treat pre-acq profits in sub, if the sub was acquired in middle of the year???? e..g Q Big(small and Tiny) in BPP kit. any one plz help ASAP….thx

    November 17, 2011 at 10:36 am #89537
    sheikhshafiq
    Member
    • Topics: 9
    • Replies: 20
    • ☆

    i do not see the question…but i try to explain the thing…senior members are requested to second my explaination…basically pre acq profit is the thing we purchased from subsidiary…if the sub is acquired in the middle of the year then upto the date of acquisition all profits are pre acq profits and after the date of acquistion all profits are post acquistion profits…pre acq become part of goodwill working and NCI working proportionately……hope it will help

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