group accounting
Partially Disposing of an Associate: How to Calculate the Gain, Adjust the Carrying Value, and Handle a Drop Below Significant Influence
David is group FD at a holding company that has held a 40% stake in TechAssoc Ltd for four years.…
Why Your Equity Pickup Is Wrong After Acquiring an Associate: Fair Value Adjustments and Embedded Goodwill
Sarah is group controller at a holding company that completed a 35% acquisition of DesignAssoc Ltd eight months ago. The…
Eliminating Unrealised Profits on Associate Transactions: Upstream, Downstream, and Asset Sales
Marcus is group controller at a holding company with a 40% stake in RetailAssoc Ltd, a wholesale distribution business. During…
How to Consolidate Multiple Xero Companies Without Excel
If your group runs more than one Xero company, you already know what the month-end process looks like before any…
How to Use Journal Entries in Group Consolidation (With Examples)
It’s the last Friday of the month. Your Xero instance has the parent’s trial balance. QuickBooks has the US subsidiary’s…
Financial Consolidation for Holding Companies: How Finance Leaders Consolidate Across Subsidiaries
A holding company is an entity that owns a controlling interest in one or more subsidiary businesses. Unlike an operating…
Why Do We Eliminate Intercompany Transactions in Financial Consolidation?
When a group of companies is under common control—such as a parent company with several subsidiaries—the goal of financial consolidation…