NCI
The Five Accounts That Only Exist in Your Consolidated Financial Statements
Tom has just been appointed CFO of an Australian professional services group with four entities. He’s a strong finance leader…
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…
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…
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…
Why Doesn’t My Consolidated Balance Sheet Balance?
Nadia had been staring at the same number for forty minutes. Total assets: £8,432,000. Total liabilities plus equity: £8,085,000. The…
Unrealised Profit in Inventory: How to Eliminate Intragroup Margins From Closing Stock at Consolidation
When one group entity sells goods to another, the selling entity records a profit on that sale. From the perspective…
Non-Controlling Interest on the Balance Sheet and Income Statement: Where NCI Appears in Consolidated Financial Statements
Non-controlling interest appears in three places in a set of consolidated financial statements: in the equity section of the balance…
Intercompany Management Fee Eliminations: How to Remove Intragroup Charges From Consolidated Accounts
Management fees are one of the most common intragroup transactions in any multi-entity group — and one of the most…
IFRS 3 Business Combinations: A Practical Guide for Multi-Entity Groups
Every consolidation begins with an acquisition. And every acquisition governed by IFRS starts with IFRS 3 Business Combinations — the standard that…