- This topic has 3 replies, 2 voices, and was last updated 4 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Specimen Exam
Hello Sir, for specimen exam applicable from Sept 2018
The examiner answer for Q1 part (b) last sentence
“Since the contingent payments relate to the acquisition of the NCI, the offsetting entry would be recognised directly in equity.”
What is the offsetting entry that refers to in the question?
Thank you.
I think he means:
Dr Equity (rather than goodwill or P&L or OCI) x
Cr Financial liability – FV x
Does the Equity refer to RE or OCE?
Thank you.
RE