DFS June 2009 Task 1.3

jow774

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?

aimeexox

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

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

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