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consolidating balance sheet minority interest-11consolidating balance sheet minority interest-11

Please note here that in the above statements of financial position, .

International Accounting Standard 27 (IAS 27) defines non-controlling interest as “the equity in a subsidiary not attributable, directly or indirectly, to a parent”.

Years of experience under the old purchase accounting standard showed the need for profound improvements in accounting for the NCI.

Specifically, its treatment has varied considerably because of the haphazard processes that created previous consolidation standards.

The shift to the term “noncontrolling interest” will emphasize a parent’s substantive control over a subsidiary rather than a simple ownership percentage and will more usefully reflect the underlying economic and accounting concepts.

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