Page 30 - Finac2 Test 1 Slides - 3. Intra-Group Transactions
P. 30
CONSOLIDATIONS AFTER THE DATE OF ACQUISITION
Impairment of Goodwill
• If no information is given on the impairment of the goodwill,
the goodwill is disclosed under non-current assets in the
consolidated statement of financial position at the amount
that arose on date of acquisition (debit).
• If the goodwill is impaired, the goodwill will be reflected at
cost less accumulated impairment losses in the consolidated
statement of financial position.
• Proportionate goodwill method impairment journal is as
follows:
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