NCI
Step Acquisition in a Construction Group: The Consolidation Accounting When Your Associate Becomes a Subsidiary
Construction groups often hold minority stakes in specialist subcontractors before acquiring control. A main contractor might take a 30% or…
How to Handle Prior-Period Adjustments in Consolidated Financial Statements
Niamh was three weeks into the Year 5 audit when the message arrived from Castleton Products, the group’s 80%-owned manufacturing…
How to Consolidate a Subsidiary When Ownership Is Less Than 100%
For three years, every entity in Daniel’s group was 100% owned. The consolidation was straightforward: add the trial balances together,…
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…
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…