Page 6 - 5.1 (c) i. Finac2 ITC Summarised Notes part 1

ITC EXAM PREP

Reading Time

• Identify the parties involved and the group

structure;

• Identify the year-end and applicable acquisitions,

disposals and transactions dates (current year or

prior years);

• Familiarise yourself with all the information given;

• Identify possible connections;

• If time left, start with goodwill calculation, find

• appropriate theory for discussion questions,

• identify intragroup transactions etc.

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