Help with non controlling interest-AAT Level 4
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emma8021
Registered Posts: 39 Regular contributor ⭐
Hi All ,
Can anyone help with calculating the non controlling interest at acquisition ?
I have been doing the sample assesments on AAT website and both the exams i am struggling to get my head around it .
losing the will to live :-(
Can anyone help with calculating the non controlling interest at acquisition ?
I have been doing the sample assesments on AAT website and both the exams i am struggling to get my head around it .
losing the will to live :-(
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Comments
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The non-controlling interest on acquisition is simply the equity on acquistion times the non-controlling interest percentage.0
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Thank you I did have a light bulb moment yesterday and worked everything out, think I'm just stressing to much and need to relax and focus as once I did that I managed to do the while consolidated accounts correctly.0
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can anyone help with Q6 on sample assesment 2?
for retained earnings It says non controlling interest is 49, but I make 30% of 130, 39
what am i doing wrong?0 -
Multiple by the percentage owned by the parent, not the minority. This is likely to be 70% not 30%
Also don't forget to account for any unrealised profit and post acquisition profitAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
Going to have to look with fresh eyes tomorrow. I tried everything i could think of and couldnt get the 490
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Hi Simon
The retained earnings of the subsidiary are 130 at the consolidated date less the retained earnings at acquisition date
130-60=70*70%=49AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
cheers. new it would be something straightforward that I missed, not subtracting the previous years retained earnings. dohdumutroba said:Hi Simon
The retained earnings of the subsidiary are 130 at the consolidated date less the retained earnings at acquisition date
130-60=70*70%=49
Thanks again
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Although really simple this has been tripping me up due to over complicating it. thank you for putting it in such simple terms NCI calculation for goodwill was the last piece of the puzzle for me to consolidate the accountshal978 said:The non-controlling interest on acquisition is simply the equity on acquistion times the non-controlling interest percentage.
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