If Goodwill is in negative then it will be shown as a profit in income statements, thereby increasing the Net Profit. The Effect on balance sheet will be that there will be an increase in Retained Earnings by NET PROFIT(Excluding negative goodwill) + Negative Goodwill.
ani.davv's posts
ani.davv
replied to CFA Level 1, June 2013
@Nirmal_Analyst
If Goodwill is in negative then it will be shown as a profit in income statements, thereby increasing the Net Profit. The Effect on balance sheet will be that there will be an increase in Retained Earnings by NET PROFIT(Excluding negative goodwill) + Negative Goodwill.
If Goodwill is in negative then it will be shown as a profit in income statements, thereby increasing the Net Profit. The Effect on balance sheet will be that there will be an increase in Retained Earnings by NET PROFIT(Excluding negative goodwill) + Negative Goodwill.
ani.davv
replied to CFA Level 1, June 2013
Answer is B
No need to mention the working for Straight Line Method.
Working of Double Declining Method is as follows:
First step is to calculate the Depreciation Percent using straight line method without considering the salvage value. It comes out to be 20%
Next step is to double t...
No need to mention the working for Straight Line Method.
Working of Double Declining Method is as follows:
First step is to calculate the Depreciation Percent using straight line method without considering the salvage value. It comes out to be 20%
Next step is to double t...
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ani.davv
replied to Need some Opinions on CFA.
@Ridhz If you do not want portfolio management kind of a role then CFA wont be of much use. Moreover, taxation and accounting(only superficially is covered) are not covered in CFA. Moreover, for doing CA 3 years of articleship is compulsor, for which you will have to leave your job. Both CFA and ...
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