NCI
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…
Acquisition Accounting in Group Consolidation: A Step-by-Step Guide to IFRS 3
When one company acquires another, the transaction creates a set of technical accounting requirements that will affect every group consolidation…
Goodwill in Group Consolidation: How to Calculate and Account for It in Your Group Accounts
When a group’s holding company acquires a controlling interest in another business, a new figure tends to appear on the…
Xero Group Consolidation: What It Can’t Do — and What Finance Teams Use Instead
If you manage the finances of a group with two or more entities — all running Xero — you have…
How to Calculate Non-Controlling Interest (NCI) in Financial Consolidation
When a parent company acquires a controlling stake in another business but does not own 100% of it, the financial…