Advanced Accounting (Canada) · Consolidation After Acquisition: Acquisition Differential & Impairment

At the acquisition date consolidated retained earnings equal only the parent's. How do consolidated retained earnings and the NCI account each change in the years that follow?

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More in Consolidation After Acquisition: Acquisition Differential & Impairment

A CGU has a carrying amount of 500, fair value less costs of disposal of 460, and value in use of 520. Is it impaired under IAS 36, and by how much?

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When testing an asset for impairment, finding just one of FVLCD or value in use can sometimes end the test early. When does that shortcut work, and when does it fail?

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