Basics

Saturday, November 13, 2021 11:14 AM

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Question 2
Saturday, November 13, 2021 11:20 AM

100% ownership with fair value adjustment and acquisition date accounting

ABC limited acquired 100% shares of XYZ limited on January 1, 2018. Balance sheet as at January 1, 2018 of
both companies are as follows:

ABC limited XYZ limited

Property plant and equipment 5,000 Property plant and equipment 4,000
Investment 8,000 Other assets 2,000
Other assets 2,000 -----------
----------- 6,000
15,000 ----------
----------
Share capital 1,000
Share capital 2,000 Retained earnings 4,500
Retained earnings 10,000 Liabilities 500
Liabilities 3,000 ---------
--------- 6,000
15,000 ----------
----------
PPE included above having fair value of
Rs. 5,000 on January 1, 2018.

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Question 3
Saturday, November 13, 2021 11:23 AM

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Question 4
Saturday, November 13, 2021 11:27 AM

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Question 5
Sunday, November 14, 2021 3:01 PM

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Sunday, November 14, 2021 5:13 PM

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Question 6
Sunday, November 14, 2021 3:03 PM

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Concept of NCI (question 7)
Sunday, November 14, 2021 3:03 PM

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Question 8
Tuesday, November 16, 2021 7:05 PM

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Full and Partial Goodwill concept
Tuesday, November 16, 2021 7:06 PM

It’s a matter of accounting policy whether to record goodwill of

NCI or NOT. (Whether to record NCI at fair value or its share)
Full Goodwill:
Partial Goodwill:
Consideration of Parent xxx
Consideration of Parent xxx Fair value of NCI xxx
Net assets of Parent (xxx) -------
-------- Fair value of business xxx
Goodwill of parent only xxx Net assets of Company (xxx)
-------- --------
Illustration for understanding: Goodwill Company xxx
--------
Share capital of Rs. 10 each of subsidiary at acquisition 100,000
Retained earnings of subsidiary at acquisition 100,000
Price per share at acquisition Rs. 25 per share
We acquired 80% shares

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Question 9
Tuesday, November 16, 2021 7:10 PM

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Q10
Wednesday, November 17, 2021 8:27 PM

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Concept of intangibles
Wednesday, November 17, 2021 8:52 PM

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Difference between Merger and Acquisition
Monday, May 17, 2021 10:02 PM

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Question 12
Friday, November 19, 2021 2:19 PM

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Intra Group adjustments
Friday, November 19, 2021 2:23 PM

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Question 13
Sunday, May 9, 2021 8:33 PM

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Past paper (Yasir Limited) sept 2016 PP
Sunday, November 21, 2021 11:13 AM

1. Loan and interest adjustment need to give concept

2. Impairment of goodwill
3. Stock held by subsidiary

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Calculation of consideration
Sunday, November 21, 2021 11:16 AM

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Past paper Jasmine Limited
Sunday, November 21, 2021 11:19 AM

1. Need to give concept of impairment of PPE as per separate and consolidated books
2. Error in investment amount

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3. Deferred consideration
Monday, November 22, 2021 7:30 PM

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4. Contingent consideration
Monday, November 22, 2021 7:32 PM

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5. PPE as a consideration
Monday, November 22, 2021 7:33 PM

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Question 15
Monday, November 22, 2021 7:34 PM

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Question 16
Monday, November 22, 2021 7:35 PM

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Spring 2016 OSCAR LIMITED
Tuesday, November 23, 2021 6:35 PM

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Question 17
Tuesday, November 23, 2021 6:42 PM

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Question 18
Tuesday, November 23, 2021 6:43 PM

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Question 19
Tuesday, November 23, 2021 6:43 PM

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Question 27 Chota Bheem
Tuesday, November 23, 2021 6:37 PM

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Q28 CHINTU
Tuesday, November 23, 2021 8:35 PM

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INTRA GROUP.
Thursday, November 25, 2021 7:45 PM

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FRIDAY
Friday, November 26, 2021 9:28 PM

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Q 23
Saturday, November 27, 2021 6:45 PM

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Sept 2018 PL - FL
Saturday, November 27, 2021 12:11 PM

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SPRING 19
Saturday, November 27, 2021 12:26 PM

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SPRING 16
Sunday, November 28, 2021 11:44 AM

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SPRING 15
Sunday, November 28, 2021 12:41 PM

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ASSOCIATE.
Monday, November 29, 2021 7:50 PM

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 p

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Question 41 associate
Tuesday, November 30, 2021 6:50 PM

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Question 42
Tuesday, November 30, 2021 6:52 PM

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Associate P&L
Saturday, June 5, 2021 12:53 PM

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Q 37
Tuesday, November 30, 2021 8:57 PM

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Associate P&L
Saturday, June 5, 2021 12:53 PM

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Basic P&L question
Saturday, December 4, 2021 3:18 PM

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March 2020 Pistachio limited
Saturday, December 4, 2021 2:53 PM

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DRAGON & BALLZ.
Sunday, December 13, 2020 12:22 PM

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CONCEPT
Sunday, December 5, 2021 3:53 PM

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Autumn 2019 golden silver limited
Saturday, December 4, 2021 2:59 PM

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AUTUMN 2020
Sunday, December 5, 2021 5:34 PM

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SPRING 2021
Monday, December 6, 2021 7:13 PM

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AUTUMN 2021
Monday, December 6, 2021 7:55 PM

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