Assets

Mastering the art of consolidated financial statements

Loss of control in a subsidiary
consolidated-financial-statements loss-of-control accounting reassessment assets liabilities nci non-controlling-interest oci fair-value
Understand how a parent company may lose control over its subsidiary and the necessary accounting steps to take when this occurs. Learn how to treat components of OCI and reclassify amounts in equity to profit or loss. Explore an illustrative example of how to account for the full disposal of a subsidiary.
Read more →