NCI
How to Consolidate a Subsidiary After a Change in Ownership
Two years ago the group acquired a 60% stake in a specialist logistics business. It was consolidated from day one,…
Management Fees in a Restaurant Group: What the Consolidated Accounts Actually Show — and Why the Real Cost Is Not the Fee
When Apex Dining Group Ltd prepared its year-end consolidation, the group financial controller faced a question she had not properly…
Disposing of a Professional Services Subsidiary: Why the Consolidated Gain and the Entity Gain Are Completely Different Numbers
When a professional services group sells a subsidiary — a regional practice division, a specialist consulting arm, or a standalone…
How to Reconcile Consolidated Retained Earnings
The audit PBC request landed in Priya’s inbox on the first Friday of January. She had been group financial controller…
Intercompany Eliminations When There Is a Non-Controlling Interest: Upstream, Downstream, and Lateral Sales
When every subsidiary in a group is wholly owned, intercompany eliminations are mechanically straightforward: the full profit on any intragroup…
Brand Royalties in a Restaurant Group: What Eliminates at Consolidation, What Doesn’t, and Why It Depends on Who Owns the Restaurant
When Marcus, the group finance director of Meridian Restaurant Group, prepared the annual consolidation, the numbers in the IP entity…
Intercompany Dividends in Consolidation: Elimination Entries and Common Complications
When a subsidiary pays a dividend to its parent, the parent records dividend income and the subsidiary’s retained earnings fall.…
Consolidating an LLP Into a Corporate Group: The Three Questions Your Standard Consolidation Pack Doesn’t Answer
When the group financial controller of a professional services holding company set up the consolidation for the first time after…
NCI in the Consolidated Statement of Changes in Equity: How to Build the NCI Column Correctly
The audit partner had reviewed the consolidated financial statements twice. The income statement looked right. The balance sheet reconciled. But…
NCI and Currency Translation Adjustments: How to Split the CTA in Partly-Owned Foreign Subsidiaries
Most finance teams understand the mechanics of currency translation well enough: income statement items are translated at the average rate…