consolidation
Disposal of a Subsidiary in Group Consolidation: How to Calculate the Gain, Derecognise the Net Assets, and Remove NCI
When a parent loses control of a subsidiary — whether through a full sale, a partial sale that drops below…
Intercompany Eliminations: Organised by Type, With Full Difference Treatment Control
Intercompany eliminations are rarely straightforward. When balances between entities do not match perfectly — because of timing, exchange rate movements,…
Why Every Entity Needs Dedicated Intercompany Account Codes: The Group COA Design That Makes Eliminations Automatic
Tom is group financial controller at Nexum Group, a five-entity professional services group. Every month, after all five entities have…
Non-Controlling Interest Formula: How NCI Is Calculated at Each Reporting Date
Non-controlling interest is not a static figure. It is set on the day the parent acquires control of the subsidiary,…
How to Present Net Debt and Covenant Headroom in a Multi-Entity Group Board Pack
At the March board meeting, David — group CFO of Fortem Group — presented a single consolidated net debt figure…
How to Onboard a New Entity Into Your Group Consolidation: The Finance Controller’s Checklist
Sam is group financial controller at Heron Group. On 1 March, the group completed the acquisition of Heron Digital Ltd…
Financial Consolidation for Financial Services Groups: What IFA Networks and Wealth Management Groups Get Wrong in Their Group Accounts
Charlotte is group FD of Meridian Wealth Group, a network of three acquired IFA practices built over the past 18…
When Entities Code the Same Cost Differently: How Inconsistent Charts of Accounts Break Group Management Reporting
Rachel is the group finance manager at Vantage Group. Each of the group’s four entities runs Xero, set up independently…
Why the Consolidated Gross Margin Fell When Every Entity Improved: The Entity Mix Variance in Multi-Entity Groups
At the January board meeting, Sophie — group FD of Meridian Group — presented the Year 2 consolidated results. Gross…
Combining Xero Reports Across Organisations Is Not a Consolidation — Here Is What Is Missing
James is the finance manager at Crestfield Group, a three-entity business that uses Xero across all of its organisations. Each…