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12- Step acquisition - Coggle Diagram

- - - - In substance
        
        Investment or associate has been sold
        
        A subs has been purchased
  - - - SOPLOCI
        
        Gains/losses on remeasurement of investment previously held
      - SOFP
        
        Goodwill
        
        Include FV of investment previously held
    - - SOPLOCI
        
        Share of profits of associate
        
        Profit of associate x % of share
        
        Gains/losses on remeasurement of previously held investment
        
        FV at the date control is achieved - CA of associate (cost + share of post acquisition RE)
      - SOFP
        
        Goodwill
        
        Include FV of associate at the date control is achieved
        
        Retained earnings
        
        Parent section
        
        Include gain/loss on remeasurement
        
        Subs section - before
        
        Subs section- after
        
        Less amortisation/depreciation arise from fair value movement if any
- - - - No acquisition because the entity is still a subs
      - Instead, this is a transaction bet. group shareholders (the paren tis buying % from the NCI)
    - - A decrease in NCI in the consolidated SOFP
      - Recognised the diff. between the consideration paid and the decrease in NCI as an adjustment in equity (post to parent's column in the consolidated RE)
    - - Time apportioned NCI based on % before and after the additional acquisition
    - - NCI
        
        Calculate like normal then less decrease in NCI on date of step of acquisition (A x 10%/40%)
      - Adjustment to equity
        
        (FV of consideration paid) + Decrease in NCI
- - - - Share of profits of associate
    - - Equity account from the date significant influence is achieved