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Good afternoon!
In doing consolidation profit/loss questions, i forget which items to reduce in the profit attributable to NCI
i know FV adjustments (depreciation) and Impairments need to be deducted.
would it be possible for you to list out a general list of items that shd wd be included in this working?
i will be very grateful if u did that.
regards and thanks!
Hi,
You’re correct about the depreciation and impairment (if full goodwill) adjustments. You on’t need a list but if you want to make on then I’d recommend that you create one yourself as it will improve your learning. By all means ask if you’r ensure of any but essentially if it has anything to do with the subsidiary then it goes in S’s column and therefore impacts the NCI.
…….don’t forget a PUP if S is the seller.
Thanks
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