Group Accounts (Consolidated Statement of Financial Position)-FR/ SBR/CR

[@ireneeze97]

Another beautiful presentation. Even though u can put an item inside post acq profit or group retained earning. The outcome is still the same. Thank you sir as always.

[@SoyinkaOlushola]

Thank you very much sir for your simplified teaching on this topic and solution to this ICAN past question Nov. 2022. May God continue to increase your knowledge more in Jesus' name. We are really gaining lot from your teaching. May God bless you sir.

[@Ezikan]

Amen, thank you

[@strangewonders4200]

❤

[@Ezikan]

Thank you

[@ItunuOlajide-c4f]

Thank you so much Sir

[@folasadeadegha9720]

Thank you so much

[@RhythmBoi]

Sir impairment loss is meant to be treated on goodwill why the fair value of subsidiary net asset?

[@Ezikan]

Everything in accounting follows the double entry principles. Fair value gain or loss on subsidiaries net asset at the date of acquisition should be added (gain) or subtracted ( deficit or fv loss) to PPE and the second leg will be adjusted in net asset at the date of acquisition. Impairment loss of good will should be deducted from goodwill irrespective of the group policy and from the consolidated retained earnings where the group policy is the proportionate share of the subsidiary net asset. The second leg will be adjusted in subsidiary post acquisition retained earnings in the summary of the subsidiary net asset where the policy is fair value.

[@RhythmBoi]

@@Ezikan oh okay thank you sir

[@Foreverseunthegreat]

Please can you make a video of material mix material yield and material useage. This video was very helpful, thank you sir

[@Ezikan]

kzbin.info/aero/PLvXG5IKPl2zjKPcV2BWPqcWSPpN7jAtbk Tap the link to watch any of my video on PM. The topics you listed above have been covered

[@Foreverseunthegreat]

@@Ezikan God bless you for all you do. I am so glad I found your channel