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Pre acquisition R/E

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Pre acquisition R/E

  • This topic has 5 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 24, 2015 at 5:21 am #284820
    pbtpriyantha
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Dear Mr. Maike,

    Hi….

    with reference to this lecture, When taking the pre acquisition R/E from W2 (G/W calculation). It’ comprise only of “pre acquisition R/E” and “increased portion FV” of the W2 and not taking Share premium. …..

    What’s about to Revaluation reserve (or any other such reserve (if any), other than the FV increased amount……

    shall we need to add them like FV increased amount?

    If so, The pre act R/e abstracted from W2 is :

    (Pre Acqt R/E)+(FV amount)+(Revaluation or other reserve)

    Pls explain…

    Thanks in advance

    BR,
    Priyantha

    November 24, 2015 at 8:45 am #284854
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22707
    • ☆☆☆☆☆

    “With reference to this lecture …..” Which lecture?

    Without knowing which lecture that you’re referring to, the answer to your question is “Yes, we should bring in ALL elements of shareholders’ funds as at date of acquisition”

    November 24, 2015 at 6:45 pm #284970
    pbtpriyantha
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Mr. Mike,

    Extremely sorry for the inconvenience caused.
    The relevant lecture is “P2 Chapter 1 Simple Groups (revision of F7 part 2)”

    Ok….well noted Sir,

    I understood as below

    All the shareholders fund is the total of ( Retain earning, General Reserve, Revaluation reserve and Increase in FV relevant for assets like inventory)

    Pls advice….

    BR,
    Priyantha

    November 24, 2015 at 8:31 pm #284997
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22707
    • ☆☆☆☆☆

    And share capital, and plant replacement reserve and any other elements that you may find in the equity section of the subsidiary’s SoFP

    November 25, 2015 at 5:22 am #285060
    pbtpriyantha
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Mr. Mike,

    Great sir. Pls apologise for asking questions again and again. and also, I would like to grateful to you for everything…..

    Now, I’m 100% confident on consolidation Thanks to YOU & YOUR NOTES…….

    Thanking again

    BR,
    Priyantha

    November 25, 2015 at 8:39 am #285115
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22707
    • ☆☆☆☆☆

    🙂 but not over-confident! Treat this exam with the respect that it deserves! Otherwise it could turn round and bite you!

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