Group Accounts sofp Workings Flashcards by Tom Robjohns | Brainscape

Q

W1

A

Group structure

P->S
NCI
Associate

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Q

W2 net assets acquired

A

Yr end Acq post

Share capital
Share premium
Retained earnings

FV adjustments
(Depreciation on FV adjustments )

(Purp )

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Q

Goodwill

A

Consideration transferred

Non controlling interest at acquisition FV

Less net assets at ACQ

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Q

W4 Non controlling interest at year end

A

NCI at acquisition

Share of post acquisition retained earnings

(Goodwill impairment )

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Q

Retained earnings

A

Parent 100%

S (% owned x post Acq RE)

A (if any) (% owned RE at year end - RE at Acq)

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Q

Investment in associate

A

Original cost

Share of post Acq earnings

Less impairment losses

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