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NCI

This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.

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March 13, 2022 at 12:36 am #651192
Sourav9271
Participant
- Topics: 170
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NCI = NCI @Acq+Post acq R.E
Sir,
Given that we are not told to use fairvalue
Using PSONAM,
Is there a need to find Post acq retained earnings…
Can’t the N.A on reporting date simply × by NCI%?
March 17, 2022 at 7:16 pm #651435
P2-D2
Keymaster
- Topics: 4
- Replies: 7163
Hi,
Yes, if you are calculating the NCI using the proportionate method (share of net assets) then you can simply calculate the NCI by multiplying the net assets at the reporting date by the NCI ownership percentage.
Thanks
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