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Provisional amounts at acquisition of a subsidiary

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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May 18, 2017 at 4:46 pm #386865
tafarapaul
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Which figures should I use, the actual figures or the figures provided at acquisition date, for example value of assets not known at acqun but known after acqn date
May 18, 2017 at 8:45 pm #386902
P2-D2
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Hi,
You use provisional values but if they change within a year of the acquisition then you substitute the updated values and so adjust the goodwill.
Thanks
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