IAS 21, example 3 page 37 of lecture notes (Holly)

Dear sir,

In the example, the post-acquisition movement from working 2 are being translated using the closing rate. Also, for the Goodwill calculation we are directly translating the goodwill at the closing rate.

However, in the Sept/Dec 2015 Q1 the examiner translated the post-acquisition movement using the average rate and for the Goodwill calculation, the rate at acquisition date was used for translating the FV of the consideration, the NCI at acquisition date, the FV of net assets at acquisition date while impairment was translated at average rate and the goodwill was re-translated at closing rate. This gave a difference in exchange rate.

As such i’m a bit confused between the method you taught us and the method of the examiner.