DFS June 2009 Task 1.3
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jow774
Registered Posts: 465 Dedicated contributor 🦉
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?
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?
0
Comments
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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..0 -
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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 you0
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