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Step Acquisition

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Step Acquisition

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by P2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 7, 2019 at 1:55 am #515135
    gangsta1
    Member
    • Topics: 75
    • Replies: 10
    • ☆☆

    Where we have crossed the accounting boundary and have now acquired control, for the purposes of computing goodwill we need to revalue the previously held equity interest and any resulting gain/(loss) should be reported in P&L.

    Question sir, if an irrevocable decision was made to classify the previously held interest as FVTOCI initially, where should the resulting gain/(loss) following the re measurement be reported?

    Please advise sir.

    May 12, 2019 at 10:53 am #515678
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    Step acquisitions are no longer on the SBR syllabus……..

    Thanks

    May 12, 2019 at 11:49 am #515693
    gangsta1
    Member
    • Topics: 75
    • Replies: 10
    • ☆☆

    But sir i have seen in your videos that you have made mentioned about step acquisitions.

    May 16, 2019 at 8:16 pm #516181
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    They’re not on the syllabus!

  • Author
    Posts
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