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Step acquisition

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

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • April 7, 2020 at 2:44 pm #566759
    toushiga
    Participant
    • Topics: 424
    • Replies: 172
    • ☆☆☆☆

    Hi Sir, before an investment in associate to become a subsidiary(voting share acquired), the investment in associate usually being equity accounted for, which is cost + post-acquisition profit(CA), how to the change in the carrying amt to the FV(remeasured existing interest to FV at the date of step acquisition) being accounted for? Does the gain or loss go to PnL?

    Thank you.

    April 7, 2020 at 5:39 pm #566774
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    A to S

    You are correct: New FV minus CA using equity accounting goes to P&L

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