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Lernmaterialien für Group an der Ho Chi Minh City University of Economics

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TESTE DEIN WISSEN

When will impairment will be accounted for NCI?

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TESTE DEIN WISSEN

Full goodwill

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TESTE DEIN WISSEN

What is the treatment for contigent consideration (to be settled in cash or shares)?

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TESTE DEIN WISSEN

- At acquisition date: Fair value

- Subsequently:

(a) Change due to additional information affecting position at acquisitions dateremeasure goodwill

(b) Due to other changes, e.g meeting earnings targets:

(i) Consideration is equity instruments not remeasured

(ii) Consideration is cash - remeasure to fair value with gains/losses through PL

(iii) Consideration is financial instruments - IFRS9



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TESTE DEIN WISSEN

What is an investment entity?

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TESTE DEIN WISSEN

1/ Obtain funds for the purpose of providing investment management services.

2/ Commits to fund solely for returns for capital appreciation, investment income, or both.

3/ Measure performance on FV bais

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TESTE DEIN WISSEN

Which method for investment for associates, joint ventures when it has no subsidiary?

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TESTE DEIN WISSEN

Equity Method (Initially Cost Method)

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TESTE DEIN WISSEN

How to record when control is retained?

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TESTE DEIN WISSEN

Decrease NCI in SOFP

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TESTE DEIN WISSEN

Reasons by directors not to consolidate:

- Sub's activities not similar to the rest?

What is IFRS Treatment?

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TESTE DEIN WISSEN

Consolidate

Disaggregated information under IFRS8

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TESTE DEIN WISSEN

Profoma for NCI ( SPLOCI)?

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TESTE DEIN WISSEN


PFYTCI
Per Subsidiary's SPLOCI
XX
Fair value adjustments
X(X)X(X)
Provision for unrealised profit (S to P)
X(X)X(X)
Impairment loss for goodwill for year (FV method)
(X)(X)
x NCI share
x%x%


XX
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TESTE DEIN WISSEN

What is power to direct relevant activites?

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TESTE DEIN WISSEN

Power

1/ Voting rights

2/ Rights to appoint, resign, remove key mgt personnel

3/ Decision-making rights stipulated in a mgt contract

Relevant activities

1/ Selling or purchasing goods/ service

2/ select, acquire, dispose assets

3/ RD new projects

4/ Funding decisions

Lösung ausblenden
TESTE DEIN WISSEN

Which case is control achieved? 

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TESTE DEIN WISSEN

From Investments to Subsidiary

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TESTE DEIN WISSEN

What is to control other entity?

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TESTE DEIN WISSEN

Power to govern the financial and operating policies to obtain benefits

Lösung ausblenden
TESTE DEIN WISSEN

Reasons by directors not to consolidate:

- Severe long-term restrictions limit the parent's ability to run the subsidiary

What is IFRS Treatment?

Lösung anzeigen
TESTE DEIN WISSEN

Consider parent's control. If it is not controlled, should not be consolidated

Lösung ausblenden
TESTE DEIN WISSEN

What is the accounting treatment for control achieved?

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TESTE DEIN WISSEN

(a) Investment (Associate) has been sold - remeasured at fair value and gains/losses reported (unless election to hold equity instrument at FVTOCI);

(b) A subsidiary has been purchased with goodwill calculated as below

Goodwill calculation

Consideration transferred (for 40% purchased)X
Fair value of previously held investments (35%)X
NCI (at date of acquisition)X
Less FV of identifiable net assets at acquisition
(X)
Goodwill
X
Lösung ausblenden
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Q:

When will impairment will be accounted for NCI?

A:

Full goodwill

Q:

What is the treatment for contigent consideration (to be settled in cash or shares)?

A:

- At acquisition date: Fair value

- Subsequently:

(a) Change due to additional information affecting position at acquisitions dateremeasure goodwill

(b) Due to other changes, e.g meeting earnings targets:

(i) Consideration is equity instruments not remeasured

(ii) Consideration is cash - remeasure to fair value with gains/losses through PL

(iii) Consideration is financial instruments - IFRS9



Q:

What is an investment entity?

A:

1/ Obtain funds for the purpose of providing investment management services.

2/ Commits to fund solely for returns for capital appreciation, investment income, or both.

3/ Measure performance on FV bais

Q:

Which method for investment for associates, joint ventures when it has no subsidiary?

A:

Equity Method (Initially Cost Method)

Q:

How to record when control is retained?

A:

Decrease NCI in SOFP

Mehr Karteikarten anzeigen
Q:

Reasons by directors not to consolidate:

- Sub's activities not similar to the rest?

What is IFRS Treatment?

A:

Consolidate

Disaggregated information under IFRS8

Q:

Profoma for NCI ( SPLOCI)?

A:


PFYTCI
Per Subsidiary's SPLOCI
XX
Fair value adjustments
X(X)X(X)
Provision for unrealised profit (S to P)
X(X)X(X)
Impairment loss for goodwill for year (FV method)
(X)(X)
x NCI share
x%x%


XX
Q:

What is power to direct relevant activites?

A:

Power

1/ Voting rights

2/ Rights to appoint, resign, remove key mgt personnel

3/ Decision-making rights stipulated in a mgt contract

Relevant activities

1/ Selling or purchasing goods/ service

2/ select, acquire, dispose assets

3/ RD new projects

4/ Funding decisions

Q:

Which case is control achieved? 

A:

From Investments to Subsidiary

Q:

What is to control other entity?

A:

Power to govern the financial and operating policies to obtain benefits

Q:

Reasons by directors not to consolidate:

- Severe long-term restrictions limit the parent's ability to run the subsidiary

What is IFRS Treatment?

A:

Consider parent's control. If it is not controlled, should not be consolidated

Q:

What is the accounting treatment for control achieved?

A:

(a) Investment (Associate) has been sold - remeasured at fair value and gains/losses reported (unless election to hold equity instrument at FVTOCI);

(b) A subsidiary has been purchased with goodwill calculated as below

Goodwill calculation

Consideration transferred (for 40% purchased)X
Fair value of previously held investments (35%)X
NCI (at date of acquisition)X
Less FV of identifiable net assets at acquisition
(X)
Goodwill
X
Group

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