Am from Zimbabwe and thank God since I came across your videos my understanding has improved. May God continue to bless you wth good health so tht you can touch many lives wth your knowledge in FR, You are great!!!!!!!!
You're a legend in the field of accounting, You've been my lecture since I joined my first year now am in finalist student,still benefiting, recieve love from Kenya🇰🇪🇰🇪
I would like to request that you add videos of statement of changes in equity as well profit or loss. Your content is so easy to follow and very understandable. Thank you, sir.
Am from Zambia and hav being doing self studying in FR and never I understood but thank God since I came across ur videos my understanding has improved. May God continue to bless u wth good health so tht u can touch many lives wth ur knowledge in FR
W3 - Goodwill at date of acquisition (S) Cost of investment 34,000 NCI fair value of net asset or proportionate shares 7,000 41,000 Less fair value of the date of acquisition (S) OSC 20,000 RE 8,000 -28,000 Goodwill 13,000
We should to use Retained Earning on Acquisition Date 2k not 8K(this one the the reporting date that mean the Entity made profit throughout the year 6k) so the net assets at Acquisition is 20k+2k=22 (75% p and25% S 16.5K+5.5K) The consideration 39.5 k(34k of p+5.5k of S) the NCI = 39.5K-22K=17.5K
Thank you for your explanation I have a question Why was the pre acquisition income surplus of 2000 still shared when it all belongs to the subsidiary company
i think it is shared because of (a) when determining good will want to ascertain the value of subsidiary wen we purchase it , thats when we say shared capital plus income surplus ie 75% of 2000. (b) when determining NCI value there is also need to say shared capital plus share in pre- acquisition profits ie 25 % x 2000 plus share in post acquisition profit. i think that's what l understand from his teaching.
Just seeing this video. In the case of the fair value for NCI. When calculating for the post acquisition surplus are we doing 25% of 8000 or 25% Of the 6,000?
What is confusing me is, who the owner of the 75% share of the pre acquisition profit, when calculating the NCI, because at pre acquisition date, the parent don't have anything to do with the profit
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I am in Rwanda, You are actually a good teacher of Financial reporting I have ever met
Am from Zimbabwe and thank God since I came across your videos my understanding has improved. May God continue to bless you wth good health so tht you can touch many lives wth your knowledge in FR, You are great!!!!!!!!
You are always my number one choice for accounting I will expect more may Allah increase your knowledge.
Thank You very much!!
You're a legend in the field of accounting, You've been my lecture since I joined my first year now am in finalist student,still benefiting, recieve love from Kenya🇰🇪🇰🇪
Umbwa😂😂
Am from Zambia, FOG is a good Lecturer, his simplicity technique makes him superb.
I am in ethiopia,FCCA ,what you are doing is nice and simple.ተባረክ in ethiopia good bless you
I am sooo glad i found this account.
So clear and helpful
Now i can actually look at a question and know what i am doing
The way you explain makes any subject easier. Thank you so much
Am in Nigeria, you're a true and certified teacher of accounting. Thanks a lot. I expect to learn more from you. More blessings.
Am in South Africa and i want to thank you for this great lecture of accounting🙏🏿
This is best tutorials on consolidation. God bless u with knowledge
Zambia is here appreciating your lecture videos ❤
Passing exams in kenya and my teacher is in Ghana. Thank Yu so much teacher.
I would like to request that you add videos of statement of changes in equity as well profit or loss. Your content is so easy to follow and very understandable. Thank you, sir.
Consolidation made simple. You are a blessing.
Your lecture is encouraging, brief and straight to the point
Malawi appreciates your teaching skills sir ....bravo
Helpful
Your teaching is really good and helpful. God almighty bless u
God bless you so much
You are very good at what you do ❤
Best teacher ever, from Kenya
Appreciating this from 254🇰🇪🇰🇪🇰🇪🔥!
thanks for that , watching from Nairobi kenya , the capital city of AFRICA
Awesome staff, IFRS 10 made easy, patiently waiting for part 2😊
Am from Kenya specific machakos university your are best teacher,,,,keep it up
Thank you very much sir, may God richly bless you for having time for us
THE BOSS.God bless you sir.
Uncle, what a legend! You have helped me a lot here. Thank you!
Well analysed lecture .....have enjoyed thank u...you explain well
From Zambia 🇿🇲
Am from Zambia and hav being doing self studying in FR and never I understood but thank God since I came across ur videos my understanding has improved. May God continue to bless u wth good health so tht u can touch many lives wth ur knowledge in FR
Thanks alot Mr Felex
You have completely changed my accounting life
Let Almighty rewards you abundantly
JB Morrish valentine from ug
May the Good LORD bless you abundantly❤
This is soo good 👍🏿, buh on the study pack it was broken down for better understanding and absorbing,
Weldone #fogaccountancytutorial❤❤
Again....precious one, GOD BLESS U!
Excellent build up😇
i am from Tanzania, you are the best
Watching from South Africa, thank you so much.
Thank you. From South Africa 🇿🇦
U such a genius sir, your work is just awesome. May God continue to bless you prof 👏👏👏👏👏👏
The in-depth knowledge that you have for accounting is super remarkable.. Am highly favoured to learn from you.. God bless you smartly.
You are a Great Sir. God bless you
Thank you ,God bless you and yours ❤
Great work,you really simplify accounts👍
Excellent training.
Very insightful! Please, it will be very helpful to use a balance sheet that will also include liabilities items
Wander full .from Uganda but I had suffered understanding these concepts.thanks so much.
You are a genius for sure👌🔥
You are very good teacher!!🌺
Your teaching are goooooood
Enjoying consolidation made easy from Kenya
Excellent lecture, I must thank you again
This was so easy to understand. Thank you so much
wow, wow, wow I'm impressed. thank you very much
Consolidation made easy. Make FR your grace in the accounting field.
Clearly explained, thank you sir
well explained, good job Sir.
You are the best I tell you!
THANK YOU, DEAR FELIX
You are really good
U made my day
Thanks so much for your tutorials, is there a video where you have dealt with proforma journals from this topic?
You made it to be simple much appreciate
good lecture💯💯
Well explained. Keep it up
W5 - NCI - Post acquisition
NCI at the date of acquisition (S) =28000*25%= 7,000
Post-acquisition RE (S)*25% -
NCI =7,000
Wonderful, nice teacher
You are the best ❤
I always skip your video 😢
But u are good sir thank u so much sir Namibia 🇳🇦 ❤️
Thank sir for the good spirit
mr qwasy,good to see yur good works sir.i appreciate good work bt you didnt treat sub subsidiary in the consolidation sir.
Well done ✅ thank you....
Excellent teaching
Boss, keep uploading in details on group account.
W3 - Goodwill at date of acquisition (S)
Cost of investment 34,000
NCI fair value of net asset or proportionate shares 7,000
41,000
Less fair value of the date of acquisition (S)
OSC 20,000
RE 8,000
-28,000
Goodwill 13,000
We should to use Retained Earning on Acquisition Date 2k not 8K(this one the the reporting date that mean the Entity made profit throughout the year 6k) so the net assets at Acquisition is 20k+2k=22 (75% p and25% S 16.5K+5.5K) The consideration 39.5 k(34k of p+5.5k of S) the NCI = 39.5K-22K=17.5K
Thank you sir
Can you please do journal entries on consolidation
Thank you for this video 🥰
Thank you so much brother
Good work, thank you.
U are doing well sir
Kenya here. Thank you
Thank you sir have mastered it
Good tutorial
Thank you so much
Thanks very much sir
Is it advisable to just work out the NCI profit with the 8000 ?
Well done sir
God bless you
Well-done
Thank you so much sir.
Watching till midnight
fucking love you man great teacher dude really helped me with Financial Accounting
Consolidations made easy!
Thank you for your explanation
I have a question
Why was the pre acquisition income surplus of 2000 still shared when it all belongs to the subsidiary company
i think it is shared because of (a) when determining good will want to ascertain the value of subsidiary wen we purchase it , thats when we say shared capital plus income surplus ie 75% of 2000.
(b) when determining NCI value there is also need to say shared capital plus share in pre- acquisition profits ie 25 % x 2000 plus share in post acquisition profit. i think that's what l understand from his teaching.
Wow wow 👌 ❤
why are we finding the percentage of profit of pre acquisition of nci yet it was not shared before acquisition?
Thank you
Just seeing this video. In the case of the fair value for NCI. When calculating for the post acquisition surplus are we doing 25% of 8000 or 25% Of the 6,000?
For NCI:
Fair value of NCI: 5,500 (If given)
plus(+)
For post acquisition surplus: 25% of 6000 = 1,500
Total NCI = 7,000
We need a question on the post acquisition
Conso made easy at FOG👊
Good staff
What is confusing me is, who the owner of the 75% share of the pre acquisition profit, when calculating the NCI, because at pre acquisition date, the parent don't have anything to do with the profit
the parent company
Sir pls am waiting for the part three of stock levels pls
All my Zimbabweans check in.