Technical Accounting
AASB 136 Goodwill Impairment Testing: A Practical Guide for Australian Multi-Entity Groups
Sarah took over as group financial controller for a Melbourne-based healthcare group fourteen months ago. Shortly after she started, she…
AASB 128 Investments in Associates and Joint Ventures: A Practical Guide for Australian Multi-Entity Groups
Helena is the group financial controller for a Sydney-based hospitality group. Eighteen months ago, the group acquired a 35% stake…
Foreign Exchange Effects in the Consolidated Cash Flow Statement
Marcus had spent most of Friday completing the consolidated cash flow statement. Operating activities, investing activities, financing activities — all…
Intercompany Dividends and Interest in the Consolidated Cash Flow Statement
Sarah had just taken on the group controller role. Going through the consolidated cash flow statement for the first time,…
Acquisitions and Disposals in the Consolidated Cash Flow Statement
Daniel’s group had a busy year. In March, it acquired a software business for $3.2 million — $2.5 million paid…
Consolidated Cash Flow Statement: Indirect Method Step by Step
Rachel had prepared the indirect method cash flow statement for each of her group’s four entities without difficulty. Start with…
NCI, CTA, and JV/Associate Reports: Audit-Ready Consolidation Workings Now Built Into BrizoConsol
Audit season for group accounts has a predictable shape. The auditors ask for the consolidation workpapers. The group controller produces…
The Consolidated Statement of Changes in Equity: How to Build the Full SOCE From Entity-Level Movements
Priya had been group controller for three years. She had consolidated balance sheets, intercompany eliminations, goodwill calculations, and currency translation…
Goodwill Impairment Under US GAAP: How ASC 350 Works and What It Means for Multi-Entity Groups
Goodwill impairment testing under US GAAP is governed by ASC 350-20 — a framework that differs from the IFRS approach…
Why Does My NCI Calculation Not Match?
Owen had two partially-owned subsidiaries in his group. Harrow Manufacturing Ltd (60% group ownership, 40% NCI) had been in the…