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Non Controlling Interest | Consolidated Statement of Financial Position EXAMPLE

In this lesson, we explain what consolidated financial statement is and go through an example of a consolidated Statement of Financial Position with Non-Controlling Interest. We also show how to calculate goodwill when their is non-controlling interest / for a partly owned subsidiary and post-acquisition profits / retained earnings. Time stamps 00:00 Consolidated Statement of Financial Position 01:01 Non-controlling interest definition 01:44 How to treat partly-owned subsidiaries in the Consolidated Statement of Financial Position 02:27 Why Non-Controlling Interest is recorded in the Consolidated Statement of Financial Position 03:27 Two methods of calculating Non-Controlling Interest 04:11 Example of completing the Consolidated Statement of Financial Position 06:05 Goodwill formula when you have Non-Controlling Interest 07:12 Formula for calculating Non-Controlling Interest at acquisition 09:51 Formula for Consolidated Retained Earnings at year-end 11:08 Formula for calculating Non-Controlling Interest at year-end Lesson 1: Consolidated Statement of Financial Position (Balance Sheet) | Explained with Example | Wholly-Owned Subsidiary:    • Consolidated Statement of Financial P...   Lesson 2: Consolidated Statement of Financial Position | Goodwill & Pre-Acquisition Retained Earnings | Wholly-Owned Subsidiary:    • Goodwill & Pre-Acquisition Profits | ...   Lesson 3: Intra-Group Trading | Consolidated Statement of Financial Position Examples |Wholly-owned subsidiary:    • Intra-Group Trading | Consolidated St...   Check out other straight-forward examples on our channel. We also offer one-on-one tutorials at reasonable rates. Connect with us: Email: [email protected] Our Website: https://Counttuts.com Our Facebook Page:   / counttuts   Support our Efforts:   / counttuts