20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Non-Controlling Interest (NCI)

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 23, 2015 at 6:39 pm #273319
gmacuare
Member
- Topics: 4
- Replies: 1
Hello,
I don´t get to understand why do we show Non-Controlling Interest on the consolidated SoFP (equity) since it represents the value for the part of the business that does not belong to the parent company?. Can you please help me to clarify this issue?.
Many thanks in advance for your help.
Regards.
September 23, 2015 at 6:56 pm #273320
John Moffat
Keymaster
- Topics: 57
- Replies: 54472
The consolidated SOFP shows all of the net assets of the whole group.
These belong mainly to the shareholders of the holing company, but also partly to the non-controlling interest.
As with any SOFP we have to show the net assets, and who the money is owed to.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.