- Goodwill arising on acquisition of a subsidiary is always determined using the partial goodwill method. The fair value method of measuring the non-controlling interest is not available
- Intangible assets must be accounted for at cost less accumulated amortization and The revaluation model is not permitted for intangible assets
- The cost model can only be used if the fair value cannot be measured reliably
KASNEB Notes and Revision kits for CPA, ATD, CS, CCP, DCM, CIFA, CICT, DICT, CPSP-K and APS-K in Kenya