dfs dec 08
taskey
Registered Posts: 1,800 Beyond epic contributor ๐งโโ๏ธ
q 1.3
attempting to do the consolidated sofp for tolsta - but my goodwill is working out wrong.
i cannot fathom how they have worked out the "attributable to holding company" figures.
Please help
thanks
Tracy
attempting to do the consolidated sofp for tolsta - but my goodwill is working out wrong.
i cannot fathom how they have worked out the "attributable to holding company" figures.
Please help
thanks
Tracy
0
Comments
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anyone?0
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Ill have a look over lunch Pls bear with me0
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What percentage have you proportioned to the holding company. I think if you have rounded it up that is where you will be going wrong. I'm pretty sure I had this problem. So it would be 66.66.
If you used 67 % and put a note then you would probably be ok.0 -
Have attached (or think I have) my attempt,
Have not seen answers but all balances so should be ok.0 -
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What percentage have you proportioned to the holding company. I think if you have rounded it up that is where you will be going wrong. I'm pretty sure I had this problem. So it would be 66.66.
If you used 67 % and put a note then you would probably be ok.
I attended the revision day with Steve Collings on Saturday and he mentioned this paper to us. He said the examiner had used 66.667% however we were meant to turn into a fraction of 2/3.
Hope this helps.
Cheers0 -
Yeah, that's right.. I knew it was some rounding issue.0
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thanks all, will have another look at that. so i should divide the amount of shares bought by the share capital in the subsidary? i think that is where i am going wrong, i am using the goodwill % to divide things by DUH!!
will have another go
Tracy0 -
You have to see what percent of the shares the parent company owns. I do (100/ Total amount) x amount parent owns. You then apportion the reserves and revaluation by this percentage.
If you look at a thread I started called 'DFS Consolidated Accounts and Goodwill' Clare Fitch outlines in detail how to work out the Goodwill on these papers, that is how I learnt it.0 -
thanks Esme, i have printed it out and see how i get on
Tracy0
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