UK GAAP vs IFRS
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8 Terms
How is NCI measured under UKGAAP?
NCI is measured using the proportional method only
Acquisition Related Costs
Are capitalised as part of the investment
How is Goodwill treated
Goodwill is amortised over its estimated useful life
Negative Goodwill
Is held as a negative asset
Contingent Consideration
Included in goodwill probable. Subsequent changes within 12 months result in going back and recalculating goodwill
Investments in Associates
Contingent consideration is included in goodwill if probable. Subsequent changes within 12 months result in going back and recalculating goodwill
Disposal Subsidiary
Discontinued operations are shown as separate column in the P/L
NCI at disposal
Can only be measured at the proportionate method
Note 
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