Calcs Flashcards
1
Q
Goodwill
A
Cost of investment + Non controlling interest at aquasition
Less
the fair value of net assets
Share capital
Fair value adjustment
Less impairment charge
2
Q
How to work out non controlling interest at aquasition
A
Retained earnings + share capital + fair value adjustments
3
Q
Calculation for unrealised profit
A
Cost of goods owed - cost of goods / controlled interest
4
Q
Consolidated reserves calculation
A
Parent company retained earnings +
( subsidiary RE at date - subsidiary RE at aquasition/ Groups share)
Less goodwill impairment
Less unrealised profit on inventory
5
Q
NCI at SOFP date calc
A
NCI AT aquasition date + NCI share of post aquasition reserves
Less unrealised profits
6
Q
Investment in associate
A
Cost of investment + group share of post acquisition reserves
