DoubleDip

Thanks for pointing it out guys! Here’s the revised version:
EQUITY METHOD:
Full Goodwill – Fair Value - Book Value of Net Identifiable assets (same under IFRS and US GAAP)
Equity reminds me of Book Value
And then we allocate the above calculated difference (i.e. the excess purchase price) to subsidiary’s those assets whose fair values exceed their book values. What we get after allocation is the goodwill which is essentially same as the difference between subsidiary’s fair value and parent’s proportionate share of net identifiable assets.
ACQUISITION METHOD:
Full Goodwill – Fair value - Fair Value of Net Identifiable assets (same under IFRS and US GAAP)
Partial Goodwill – Purchase Price - Parents Proportionate share of Net Identifiable Assets (only under IFRS)
So its FF under Full goodwill and PPPP under Partial goodwill