Exam-format practice
A 15-mark MTQ: a consolidated statement of profit or loss with a mid-year acquisition and two interpretation tasks; then twelve Section A questions.
Practice
The first task is a Section B MTQ on the Xəzər Market group: the consolidated statement of profit or loss for 2026. Then twelve Section A questions on goodwill, the NCI and intra-group items.
The order for profit or loss: 1) how many months the subsidiary was in the group: take that fraction of every line; 2) remove intra-group sales from revenue and cost of sales; 3) add the PURP to cost of sales; 4) replace the associate's dividend with the share of its profit; 5) NCI = its % × the subsidiary's post-acquisition profit.
Exam. The MTQ takes about 18 minutes. Don't spend time on lines that aren't asked for, but check profit for the year another way: parent's profit − PURP − associate's dividend + subsidiary's post-acquisition profit + share of the associate's profit.
One try per question. The solution and marks come after each answer.