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calculation of Good will for consolidation

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(Querist)
05 May 2008 Please ans the following 1)whether goodwill is required to be calculated every year(assuming no change in % of holding) 2) For the purpose of calculation of goodwill, whether value of investment will be converted at closing exchange rate or it will be at purchase cost only(company having all foreign subsidiary). 3)if company puchased share in differnt date than how goodwill be calculated(assuming on the first acquisition holding subsidiary relation established)
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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
19 June 2008 1. Goodwill is calculated only at the time of first consolidation

2. Purchase cost should be taken always.

3. Goodwill will be altered by calculating the revised cost of control.

all the best

PC
profvpp@gmail.com
www.bharadwajinstitue.com
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