I am getting very confused with these terms: I am correct, can someone please clear this out. If I have a controlling interest in an associate I have to consolidate our financial statements. I have to show goodwill if I pay a premium I can elect to show partial good will or full goodwill? If there is a business combination then we have to combine both of our financial statements. So now only one exists? And I can elect to show partial goodwill or full goodwill? So essentially whats the difference between consolidation and purchase method when I am looking at the investors BS? What’s the difference between Acquisition and and purchase methods? Can someone please help me clear this out? THankyou
Partial goodwill = IFRS Full goodwill = US GAAP
Bpdulog: IFRS = Allows both partial and full USGAAP = Full goodwill