CONSOLIDATED STATEMENT OF FINANCIAL POSITION (PART 2) - IFRS 10

[@sinayobyeerneste1312]

I am in Rwanda, You are actually a good teacher of Financial reporting I have ever met

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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!!!!!!!!

[@toybaseid30]

You are always my number one choice for accounting I will expect more may Allah increase your knowledge. Thank You very much!!

[@jakablaque]

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🇰🇪🇰🇪

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Umbwa😂😂

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Am from Zambia, FOG is a good Lecturer, his simplicity technique makes him superb.

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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

[@kenan1260]

I am in ethiopia,FCCA ,what you are doing is nice and simple.ተባረክ in ethiopia good bless you

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Zambia is here appreciating your lecture videos ❤

[@ngoziogbuagu9799]

Am in Nigeria, you're a true and certified teacher of accounting. Thanks a lot. I expect to learn more from you. More blessings.

[@renatasantos7369]

The way you explain makes any subject easier. Thank you so much

[@jonathanlokutae3130]

This is best tutorials on consolidation. God bless u with knowledge

[@allanmvula5982]

Malawi appreciates your teaching skills sir ....bravo

[@samanthapoya8559]

Helpful

[@thabangtv6170]

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.

[@bonganiboratkondo6788]

Am in South Africa and i want to thank you for this great lecture of accounting🙏🏿

[@nyararaimadzikanda9567]

Consolidation made simple. You are a blessing.

[@feliciaogbarmey448]

God bless you so much You are very good at what you do ❤

[@tharushithathsarani6976]

I am a Sri Lankan student..In my university , Our lecturers aren't teach well. They are always blaming and only focus on one or two students. So I was so stressed in past few days cuz our semester exam will held on next week. Now i am going through Ur consolidate lessons. It's easy to understand way you explain..Thank you so much sir.. And highly appreciate your hardwork ❤🎉

[@fredricksakala6630]

Awesome staff, IFRS 10 made easy, patiently waiting for part 2😊

[@kingbecky3018]

Your teaching is really good and helpful. God almighty bless u

[@bilalahmed7002]

Passing exams in kenya and my teacher is in Ghana. Thank Yu so much teacher.

[@RonnieOtieno-x8w]

You are great in the field of accounting thank you and may God bless you ❤❤❤❤

[@princegacha3436]

Best teacher ever, from Kenya

[@francismuiruri8568]

Appreciating this from 254🇰🇪🇰🇪🇰🇪🔥!

[@olukemioluwaseun9641]

THE BOSS.God bless you sir.

[@nwosusarah9173]

This is soo good 👍🏿, buh on the study pack it was broken down for better understanding and absorbing, Weldone #fogaccountancytutorial❤❤

[@OsagieDaniel-xg6jj]

Your lecture is encouraging, brief and straight to the point

[@gabrielmtambo9243]

Well analysed lecture .....have enjoyed thank u...you explain well From Zambia 🇿🇲

[@ssentumbatom2588]

Great work,you really simplify accounts👍

[@Muneenijohn]

Am from Kenya specific machakos university your are best teacher,,,,keep it up

[@harjotpharwaha416]

Uncle, what a legend! You have helped me a lot here. Thank you!

[@mulyke8325]

thanks for that , watching from Nairobi kenya , the capital city of AFRICA

[@lukeasante7893]

Thank you very much sir, may God richly bless you for having time for us

[@josephmanu5664]

Again....precious one, GOD BLESS U!

[@joechibangu2007]

Excellent build up😇

[@morrishaliga459]

Thanks alot Mr Felex You have completely changed my accounting life Let Almighty rewards you abundantly JB Morrish valentine from ug

[@NtokozMsomi]

Watching from South Africa, thank you so much.

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May the Good LORD bless you abundantly❤

[@ExcellentEllah]

Thank you ,God bless you and yours ❤

[@BillyHasiciimbwe]

You are a Great Sir. God bless you

[@dennissukukumuneria9019]

You are very good teacher!!🌺

[@SHUBZ2706]

Excellent lecture, I must thank you again

[@snsport-tv]

U such a genius sir, your work is just awesome. May God continue to bless you prof 👏👏👏👏👏👏

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The in-depth knowledge that you have for accounting is super remarkable.. Am highly favoured to learn from you.. God bless you smartly.

[@dilipasher5048]

Excellent training.

[@salomekasempa2996]

well explained, good job Sir.

[@maximilianraphael7550]

i am from Tanzania, you are the best

[@LorraineMangaiso]

You are a genius for sure👌🔥

[@chiawearroom3020]

Wander full .from Uganda but I had suffered understanding these concepts.thanks so much.

[@keamogetsweserekwane3343]

Thank you. From South Africa 🇿🇦

[@kazeemadeyinka5719]

Your teaching are goooooood

[@Bax_TechPride_Hub]

Very insightful! Please, it will be very helpful to use a balance sheet that will also include liabilities items

[@tshilidzitshikhudo4942]

Thanks so much for your tutorials, is there a video where you have dealt with proforma journals from this topic?

[@maryjaneonyeka6444]

This was so easy to understand. Thank you so much

[@georgekyeibenson8372]

wow, wow, wow I'm impressed. thank you very much

[@mirriammuzeya8832]

Clearly explained, thank you sir

[@Peter-c8t]

good lecture💯💯

[@classiaelvis]

Enjoying consolidation made easy from Kenya

[@isaaclungu4587]

Well explained. Keep it up

[@davidgbla5842]

You are really good U made my day

[@annamutheu626]

Wonderful, nice teacher

[@ophakay3793]

please if the shares in S were acquired in 2018 why then can the acquisition date be 2016? I am very confused

[@michellechapomba7936]

You made it to be simple much appreciate

[@Sbah968]

You are the best ❤

[@ireenmkandawire5844]

You are the best I tell you!

[@abdelouahedelmaazouzi6102]

THANK YOU, DEAR FELIX

[@mauricesinyolo1593]

Consolidation made easy. Make FR your grace in the accounting field.

[@itebatsengsmarties4020]

Is it advisable to just work out the NCI profit with the 8000 ?

[@abdelbagialdaw1211]

Well done ✅ thank you....

[@brianmunyat]

why are we finding the percentage of profit of pre acquisition of nci yet it was not shared before acquisition?

[@stephaniealexander9525]

Excellent teaching

[@BENSONMALWA-hw6xk]

Thank sir for the good spirit

[@orjisilver7013]

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

[@christinamhlanga5925]

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.

[@TBJoshualegacy4]

Thank you sir Can you please do journal entries on consolidation

[@ChidinmaMonday-mk3pf]

U are doing well sir

[@everynatural2trendz]

Thank you for this video 🥰

[@sharonmambinge3072]

Good work, thank you.

[@JAMESMWAMBANDILE-iw7vv]

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

[@_.Mnsh._]

I always skip your video 😢 But u are good sir thank u so much sir Namibia 🇳🇦 ❤️

[@OlufemiOsonowo]

mr qwasy,good to see yur good works sir.i appreciate good work bt you didnt treat sub subsidiary in the consolidation sir.

[@lively2345]

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?

[@thefathersson15]

For NCI: Fair value of NCI: 5,500 (If given) plus(+) For post acquisition surplus: 25% of 6000 = 1,500 Total NCI = 7,000

[@olukemioluwaseun9641]

Boss, keep uploading in details on group account.

[@sallukargbo7775]

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

[@queen2_mina695]

the parent company

[@AkwasiRaymond-tf7br]

We need a question on the post acquisition

[@peacestephen6713]

Do you take private lessons?

[@sherifftamba5877]

Thank you so much brother

[@tipedzetapiwanashe9441]

Thank you sir have mastered it

[@JoyJoyce-x6l]

Well done sir

[@jonathanibrahim7287]

Well-done

[@favourokafor256]

what of the 1 cedes per share, is that not relevant?

[@scholasticamoraa1797]

Kenya here. Thank you

[@BESTMANNADUMNWIDO]

Good tutorial

[@renatasantos7369]

W5 - NCI - Post acquisition NCI at the date of acquisition (S) =28000*25%= 7,000 Post-acquisition RE (S)*25% - NCI =7,000

[@shegalshajan7506]

where can i find part 3 sir

[@obaapaadjoaa3665]

Conso made easy at FOG👊

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Watching till midnight

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Good staff

[@lydiasakala4180]

Wow wow 👌 ❤

[@tarisaimapungwana4669]

Consolidations made easy!

[@sanniadeniyi6468]

God bless you

[@bridgetmarix3137]

Thanks very much sir

[@renatasantos7369]

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

[@wajdanhadi4116]

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