Consolidated accounts

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Clarekaye
Clarekaye Registered Posts: 307
in AAT Level 4 (Level 8 in Scotland)
I am about to explode :crying:
I think I am being taught two different ways of how to do goodwill/nci and retained earnings on consolidated accounts.
I use osborne books if thats any use.

I am so confused, please can you tell me in your own ways how work out goodwill etc when one company has a percentage of the other and some retained earnings at the start of the year?
Thank you!

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  • GreenMousey
    GreenMousey Registered Posts: 154 Dedicated contributor 🦉
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    If you look in the e-learning section of financial statements on the AAT website they have some interactive slides that go through consolidated accounts. That may help :)
  • Clarekaye
    Clarekaye Registered Posts: 307
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    Oh thanks, took a while to find it but will look tonight.
    How was yours yesterday?
  • GreenMousey
    GreenMousey Registered Posts: 154 Dedicated contributor 🦉
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    Not too badly. Always difficult to know if you've done well or not in the written questions, but I managed to answer everything. Couldn't get my cash flow to balance, tried going back to it three times but just couldn't see where I'd gone wrong....ironically my consolidated SOFP balanced first time! Ah now the wonderful wait. =/

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