Hello Everyone!
Normally when calculating goodwill to be presented in the financial position, what exactly is the fair value of NCI at acquisition if it is not given directly in the question?
There was one question where I saw the internally generated brand name of the subsidiary was taken as the fv of NCI at acquisition. Also, this is for the full goodwill method.
Please help as I am not able to understand the concept.
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SBRSBR GROUP ACCOUNTING DOUBT
I have doubt in financial asset of debt instrument through OCI. Suppose at the initial period the FV of Debt instrument $5m and at the year ended the fair value is $5.5m. There is $0.5m should be booked in OCI and next year there is impairment loss $0.4m. So how impairment should be treat and the value of debt instrument is affected or not.
Debit impairment loss ( P/L) and Credit OCI : 0,4 ml
value of debt instrument is not affected
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