Full vs Partial goodwill method when using aquisition method STALLA went in great detail deriving consolidated B/S and NI; They illustrated that: *NI after consolidation is exactly the same as NI of the parent before consolidation" This is true regardless of either goodwill accounting method. SCHWESER, on the other hand, has an overly simplified example on this. Their illustration showed an increase in NI in consolidated income statement when compared to the parent reported NI. CFAI (the bible) doesn’t have an example comparing the NI between consolidated and parent income statement. maybe i am just wasting my time again.
NI is the same… i hope? lol