March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

retained earnings

This topic has 3 replies, 2 voices, and was last updated 3 years ago by P2-D2.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
January 14, 2023 at 9:03 am #675894
xyzc
Participant
- Topics: 413
- Replies: 175
Why are retained earnings not adjusted if an item of plant is found to have a fair value of 3000000 below its carrying amount
January 15, 2023 at 9:35 am #676012
P2-D2
Keymaster
- Topics: 4
- Replies: 7228
In what context is this? Group accounts and fair value adjustments?
January 15, 2023 at 4:14 pm #676069
xyzc
Participant
- Topics: 413
- Replies: 175
group accounts and fair value adjustments
January 18, 2023 at 9:11 pm #676947
P2-D2
Keymaster
- Topics: 4
- Replies: 7228
It is a group adjustment made in the NA working. The adjustment is then reflected on the face of the Group SFP, a reduction to PPE, and then the parent receives its share of the change in the post acquisition retained earnings.
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.