fctr
Losing Control of a Subsidiary: The Consolidation Accounting for Disposal Under IFRS 10
The group had owned 80% of DistributeCo for six years. DistributeCo’s revenue appeared in the consolidated income statement. Its assets…
Foreign Subsidiary Consolidation: Why Profit Changes on Translation and Where the Difference Goes
The group finance director of a UK consumer goods company received the monthly flash report from her German subsidiary. SalesCo…
Intercompany Loans in a Foreign Currency: Why the Exchange Difference Goes to P&L in One Entity and OCI in Another — and How to Eliminate Both at Consolidation
Claire had just finished the first draft of the group accounts when the external auditor flagged something in the UK…
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…
IAS 21 Foreign Currency Translation: The IFRS Guide for Multi-Entity Groups
The group’s year-end accounts showed a consolidated loss in other comprehensive income of £2.3 million that nobody in the audit…
Why Does My CTA Not Reconcile?
Anna had followed the three-rate rule correctly. P&L at the average rate, balance sheet at the closing rate. She had…
How to Reconcile Consolidated Equity
The audit senior’s email arrived on a Tuesday morning, two weeks before year-end sign-off. Claudia, group financial controller at Veritas…
Intercompany Eliminations in Multi-Currency Groups: How Foreign Exchange Affects Your Consolidation Adjustments
The finance director of a UK group with subsidiaries in Australia and Singapore described the problem with characteristic understatement: “The…
Currency Translation Under IAS 21, ASC 830 and FRS 102: What Changes Across Standards
The group had three subsidiaries in three countries, each reporting under a different accounting standard. The UK holding company reported…
Recycling the CTA on Disposal of a Foreign Subsidiary: What Happens to the FCTR When You Sell
The finance director had been preparing the sale of the Singapore subsidiary for six months. She knew the headline figures:…