FAC3704 Group Financial Reporting
University of South Africa
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FAC3704 EXAM PREP FOR 2022 (Group Financial Reporting)
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---73april 20222021/2022
- FAC3704 EXAM 
PREP FOR 2022. Group Financial Reporting. Identifying a Subsidiary- When an entity holds directly or indirectly 51% or more of the voting power of 
the investee and has control over the investee. 
2. Calculating Goodwill and Non Controlling Interest (on both Full Goodwill method amd Partial Goodwill 
method) 
3. Processing transaction of the following periods; 
General Consolidation Procedures for a Subsidiary 
1. For a subsidiary, you consolidate 100% of Assets, Liabilities, Expen...
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$4.49 Meer Info
ExcelAcademia2026
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Overig
FAC3704 EXAM PREP FOR 2022 (Group Financial Reporting)
-
---73april 20222021/2022
- FAC3704 EXAM 
PREP FOR 2022. Group Financial Reporting. Identifying a Subsidiary- When an entity holds directly or indirectly 51% or more of the voting power of 
the investee and has control over the investee. 
2. Calculating Goodwill and Non Controlling Interest (on both Full Goodwill method amd Partial Goodwill 
method) 
3. Processing transaction of the following periods; 
General Consolidation Procedures for a Subsidiary 
1. For a subsidiary, you consolidate 100% of Assets, Liabilities, Expen...
-
$4.49 Meer Info
ExcelAcademia2026
-
Tentamen (uitwerkingen)
FAC3704 exam pack answers.
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--1135oktober 20212021/2022A+
- FAC3704 exam pack answers. FAC3704 - Group Financial Reporting. Analysis of owners’ equity of Rentco Limited 
Develop Limited 
100% 60% - 70% 40% - 30% 
Total At Since NCI 
At acquisition 
Share capital 
Retained earnings 
Contingent liability 
Revaluation surplus 
Equity represented by goodwill - parent 
Consideration paid and NCI 
Since acquisition 
Retained earnings (750 000 - 350 000 + 30 000) 
Current year 
Profit - 5 month period ((350 000 - 95 760) x 5/12) 
Purchase of additional shares...
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$4.99 Meer Info
ExcelAcademia2026
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Case uitwerking
FAC3704 exam pack aswers lockdown exam pack
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---135mei 20212020/2021A
- QUESTION 1 (SUGGESTED SOLUTION) 
Part (a)(i): 
Investment in associate (Limited): 
At acquisition: 
Investment in Limited at cost price (ordinary shares) – given 
Investment in Limited at cost price (preference shares) – given 
Since acquisition: 
Retained earnings ((-245 000 – 20 000) x 40%) 
Correction (106 000 – 102 000(cost price)) 
Current year: 
Profit for the period ((779 500 + 18 000 – 332 200 – 176 884) x 40%) 
Correction – see comment 1 
Dividends paid (30 000 x 40%) 
In...
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$7.99 Meer Info
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