Industry Guides
Selling a Retail Chain: Why the Consolidated Disposal Gain Is Not What the Parent’s Books Show
When Vantage Retail Group completed the sale of Forum Apparel — a fashion chain it had owned for three years…
Intercompany Loans in a Restaurant Group: Eliminating the Loan, the Interest, and the Impairment You Didn’t Expect to Reverse
Opening a new restaurant costs money before it makes any. The fit-out, the equipment, the initial stock, the pre-opening wages…
Acquiring a Property SPV Mid-Year: How to Handle the Purchase Price Allocation, Goodwill, and Your First Consolidation
In August, the board of Hartfield Property Holdings approved the acquisition of Stanmore Yield SPV Ltd, a commercial property holding…
Intercompany Staff Secondments in a Professional Services Group: How the Margin Hides in WIP and What to Do About It
Professional services groups routinely second staff across entities. A shared services centre provides analysts to a client-facing consulting firm. A…
Three Consolidation Problems That Only Exist When Your Factory Is in a Different Currency
The finance director had consolidated the UK group’s two domestic subsidiaries without difficulty every quarter for years. When the board…
PropCo/OpCo Intragroup Leases in a Retail Group: Eliminating the Ghost IFRS 16 Assets That Shouldn’t Appear on Your Consolidated Balance Sheet
When the group financial controller at Arcadia Retail Group first ran the numbers for the consolidated balance sheet, the total…
Management Fees in a Restaurant Group: What the Consolidated Accounts Actually Show — and Why the Real Cost Is Not the Fee
When Apex Dining Group Ltd prepared its year-end consolidation, the group financial controller faced a question she had not properly…
Selling a Property SPV: Why the Consolidated Disposal Gain Is Never What the Parent Expects
The board of Crestwood Property Holdings had been waiting five years for this. Merlin Court SPV Ltd — a commercial…
Disposing of a Professional Services Subsidiary: Why the Consolidated Gain and the Entity Gain Are Completely Different Numbers
When a professional services group sells a subsidiary — a regional practice division, a specialist consulting arm, or a standalone…
When a Project Goes Wrong: Accounting for Onerous Contracts Across a Construction Group
The group board had known for two quarters that the commercial fit-out contract in Birmingham was in trouble. Materials costs…