identify the business acquition

what type of consideration

what type of net asset
how to account goodwill
impairment
Identifyig acquirer
acquition in stages
deciding functional foreign currency & presentation currency
mid year acquition
transaction with subsidairy
how to decide disposal
consideration
cost of asset
identifying exclusively bought for disposal
impact on p/l & balancesheet
cashflow
how to decide associates
consideration of asscciates
cost of asset
transaction with associates
Disposal of associates
identify the joint venture
separation joint venture & joint control
preparation of joint venture
Linked with framework
analysis
Exemption

REVENUE
Revenue
contract not related to activity related to activity

Pefromance obligation multi-perfomance obligation not-related activity

variable payment-event &

Transfer price probabale financing-delay in payment , difference in

recognized

related with conceptual frame measurement recognition

 Calculate method-observable
difference method-revenue, input , adjusted obervable &
related with fair value method cost , income mgt caluclation

finance asset-share ,
derivatives , right to receive
related with financial instrumencash Embadded derivative

loss allowance Debit

ratio- gross profit margin ,

net profit margin, ROCE,
inventory holding period ,
reporting impact p/e ratio mgt commentory
 related activities, ability ,able to variable
share-based payment , contigent payment ,
provision, contingent payment, share based payment , income tax ,NCI- Fair value ,
goodwill - full goodwill , proportationate, impairment , impairment when revalued before , impairm
recoverable amount-value in use , fv less cost to sell , impairment fv method & proportinate method
big, dominant, deciding
additional-whether p/l or reserve
checking translation of individual & , change functional currency

selling by subsidiary & parent, loan given & by , URP,

Without consideration
contigent, deferred, not related to
net asset at disposal, nci at disposal at disposal ,
condition, intention, price
profit one line , balance sheet-asset one l
associate-purchasing, disposal, joint vent
signficant influence,

definition, recognition

not commercial commercial no / free consideration

lead time performace &

not commercial benefit when perf after perfprmance ,working progress benefit

yment , difference in

definition de-recognition characteristic

market -primary (highest non-financial asset
volume ) & most -highest & best legally , financially
advantages use & physically
 L
L
evalued before , impairment not revalued before
od & proportinate method & entry allocation of impairment , reversal of impairment & disposal
L
L
L

at the time & not deferred , after or during complete, not ba

ondition, intention, price , customer

balance sheet-asset one line & liability one line
asing, disposal, joint venture - purchasing , disposal, subsidairy-purchasing cost, disposal, cash paid to nci, Non-current asset Purchase & d

service goods `
er or during complete, not based on future performance, received or payable, not cash .

on-current asset Purchase & disposal

 foreign
acquition mid previously acquired exchange goodwill

disposal FOREIGN exchange MID YEAR

year end closing -fv & proportionate method
 impaiment-fv method & proportionate
method -impairment calculation &
impairment -allocation closing entry
 no revaluvationrevalued before-
revalued before-impairment implication impairment implication next year transaction
Reversal of impairment
goodwill
consideration