ACCA I Strategic Business Reporting (SBR) I IFRS 10 - Group Accounting Part 1 of 2 - SBR Lecture 32

[@lebogangqueenloate6002]

Great lecture Sabi !!!! , it made me understand Consolidation and your lectures are thee best😊. I am using them for revision purposes as I prep for Dec exam. I have a solution for the Q that we struggled with, this is for Pauline (Test your understanding 12)... In the question they mentioned that Pauline acquired 6 million of Sonias shares and as per extract provided, Sonia had 8 million equity shares so this means that Paulina acquired 75% shareholding (6million /8million) and NCI is difference between the 8million less 6 million which is 25% (2million/8million)

[@earnshawpalmer7171]

Brilliant lecture. Very Comprehensive with superb clarity.

[@ChanchalMotwani]

6m shares out of 8m shares are acquired by pauline so(6/8*100) 75%

[@earnshawpalmer7171]

To obtain the share of impairment of goodwill between Group and NCI, you need to use the share capital of Sonia. Pauline acquired 6000 out of 8000 shares so this is where the split of 75:25 is obtained

[@MrBelgretor]

You are absolutely right.

[@MegaAdnanafzal]

is there something wrong what she taught?? because am about to start the lecture

[@MrBelgretor]

Nothing wrong with what she taught. She just gave a very roundabout way of finding the % shareholding @@MegaAdnanafzal

[@abinjohnmangalam6508]

👍👍👍

[@pavankumarreddy4472]

Can u explain the Fair value of NCI calculation in Detail...? Here it seems to be confusing Because out of the 8000 shares 6000 were taken over by Pauline and balance would be 2000 shares. So these 2000 shares would form part of NCI and the FV of NCI would be 2000 shares @ $3.25 each 6500. Let me know whether this approach is correct...?

[@iamcharith]

Miss, does SBR questions in 2024 test the complex group consolidations (one group acquires another group)?

[@AustinDustbin]

Ma'am can we just say that Parsley has control over Oregano given the fact that it holds majority of the voting rights in comparison to the other equity shareholders?

[@taroshan-s2w]

Madam SABI, your group videos part 1 and 2, you have taught everything we need to know for Q1 in SBR? Cmg from self study student

[@dhanukasalwatura7555]

Are we able to download these slides? Thank you

[@lancelotlamanorbendu4362]

Since Pauline acquired 6m shares out of the total 8m shares in Sonia, therefore, the percentage should give u 75% (6m/8m)

[@lineomotsopa1923]

the 75% is found by dividing the 6m shares acquired by the 8m shares in Sonia

[@princessadila7467]

Hi Madam, can you please advise whether internally generated goodwill should be accounted

[@Akash-vx9wl]

Internal generated goodwill is not recorded

[@zuhayrtaurobally1122]

​​@@Akash-vx9wl but is it added to net assets here, since it is internally generated, I think it should not be added to the fv of net asset, right? This will be "realised" on acquisition, and will therefore be included in the goodwill. Right?

[@zuhayrtaurobally1122]

I agree, internally generated goodwill should not be taken into consideration in the FV of net asset

[@mansishah5866]

Ma'am is consolidation which is taught in CA INTER same here in IFRS? Also how to solve such lengthy question ?

[@moondynoon9228]

hello how can we get in contact with you thanks

[@sarwanasdreamworld6311]

6 million out of 8 million of Subsiderary!! its 75%

[@ABHISHEKVERMA-mo1tw]

RAM RAM Madam