DFS June 2009 Task 1.3

jow774
jow774 Registered Posts: 465 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
Sorry ignore the title, it should read Dec 08.

For the consolidated BS/SOFP I have been doing my workings as I always have from Kaplan book but have got different answers to the model answers? ie

Goodwill they have 8400 I have 8314
Non controlling interest they have 11280 I have 11167
Retained earnings they have 25120 I have 25147

Please can someome help point out where Im going wrong, Im in a state of panic?

Does it matter which way you work these out?

Comments

  • aimeexox
    aimeexox Registered Posts: 38 Regular contributor ⭐
    What percentage have you been using for the group and the non controlling interest?
    I think it works out as 66.6666666%... I think if you round it to 66.67% then it works out near enough they've just rounded the answers..
  • Primble
    Primble Registered Posts: 734 Epic contributor 🐘
    aimeexox wrote: »
    What percentage have you been using for the group and the non controlling interest?
    I think it works out as 66.6666666%... I think if you round it to 66.67% then it works out near enough they've just rounded the answers..

    it should be done as a fraction
  • jow774
    jow774 Registered Posts: 465 Dedicated contributor 🦉
    Oh yes, I remember being told something about if its an odd percentage round to fraction. But in the revision panic I forgot about that. So 2/3 instead of 67%?

    Thank you

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