Dear Silvia, Thanks for video. Please can you guide in subsequent year asset will be written down and new assets will be added in that case how to eliminate investment.
hi silvia, thanks and appreciate for your hardwork. I need to confirm "allocate the cost of the group to individual assets and liabilities based on their fair value at acquisition date", monetary asset like cash or receivables should not being added by allocate of the "goodwill" right?
Hi Silvia, could you advise why Baby Ltd is not a business under IFRS 3? And if it does not constitute a business, how is it different with a Parent-Sub consolidation? Many thanks.
Baby is not a business because it is given by the question. In real life, it could happen that the companies do not perform any operating activity, just carry some assets. IFRS 3 precisely defines what constitutes a business. You can learn more here: www.cpdbox.com/ifrs-3-a-business-or-an-asset/ As for the difference - well, I think this is well covered in this video, so please rewatch. Thank you!
Silvia, thank you for video. However, it is still unclear how to show the assets aquired on BS subsequently, e.g. if PPE grows to 20.000 in the next year, with the relative adjustment in returned earnings, how will we show the assets of Baby on consolidated BS? How will NCI be adjusted.
No, unless required by another standard - Mommy is not a subsidiary. I do need to say though that both parent and subsidiary should apply the same accounting policy to the like items.
Madam…help needed greatly. I have problem is applying discount factor for advance lease payment with effect from 1st September for one year for 30 years. I could not somehow apply annuity formula for 1st September to December..your help will be greatly appreciated as always.
Dear Silvia, Thanks for video. Please can you guide in subsequent year asset will be written down and new assets will be added in that case how to eliminate investment.
Thanks Silva for your educative contents. Please do video on steps /how to person goodwill impairment test.
hi silvia, thanks and appreciate for your hardwork. I need to confirm "allocate the cost of the group to individual assets and liabilities based on their fair value at acquisition date", monetary asset like cash or receivables should not being added by allocate of the "goodwill" right?
Thanks for your efforts
Is there any course for certIA
Hi Silvia, could you advise why Baby Ltd is not a business under IFRS 3? And if it does not constitute a business, how is it different with a Parent-Sub consolidation? Many thanks.
Baby is not a business because it is given by the question. In real life, it could happen that the companies do not perform any operating activity, just carry some assets. IFRS 3 precisely defines what constitutes a business. You can learn more here: www.cpdbox.com/ifrs-3-a-business-or-an-asset/
As for the difference - well, I think this is well covered in this video, so please rewatch. Thank you!
If Mommy acquires the remaining NCI, would the transaction be recorded in equity, per IFRS 10 para 23?
Plz Make a video on IFRS 17
Silvia, thank you for video. However, it is still unclear how to show the assets aquired on BS subsequently, e.g. if PPE grows to 20.000 in the next year, with the relative adjustment in returned earnings, how will we show the assets of Baby on consolidated BS? How will NCI be adjusted.
Well, that's for another video, but thank you, I will try to make it.
Madam, If there is liabilities how can we allocate cost of group ?
Thanks...
In order to do consolidation, should the assets in Mammy's statement be in fair value?
No, unless required by another standard - Mommy is not a subsidiary. I do need to say though that both parent and subsidiary should apply the same accounting policy to the like items.
So great.
Madam…help needed greatly. I have problem is applying discount factor for advance lease payment with effect from 1st September for one year for 30 years. I could not somehow apply annuity formula for 1st September to December..your help will be greatly appreciated as always.
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