Minority Interest

[meeee20]

@NANA_Hachiko

@S2000magician

@meeee20

@NANA_Hachiko

@meeee20

@blackjack21

What is consolidating? (Not sure if this is a good quesn to ask at this time)

assuming you are a graduate,how in the world dont u know what consolidation is? what did u graduate in??

Many people did not take accounting for finance in undergrad.

most people who have graduated in a any field that is even remotely connected to finance would have some sort of insight into accountancy…the only exception i see is engineers

And physicists. And mathematicians. And chemists. And . . . .

And psychologist, and biologist, and police officers, and social workers, and nurses, and athletes, and…

lol

[NANA_Hachiko]

a lot of people take the CFA without a finance accounting background these days…

just like many people do not have a business background going to a MBA.

[meeee20]

@NANA_Hachiko

a lot of people take the CFA without a finance accounting background these days…

just like many people do not have a business background going to a MBA.

maybe i am iggnorant than the only ones i was aware of are engineers from the non commercial background… and just struck my mind,with all the due respect why do so many engineers decide to break into finance…i mean the two fields are completely unrealted…so u work hard trying to get into a good engineering college than study ur ass off for 4 years there and than why enter a completely different field…is it just for the paychecks or something else?

[sachin_patel]

@S2000magician

@blackjack21

What is consolidating? (Not sure if this is a good quesn to ask at this time)

Acquisition method: you include all of the subsdiary’s accounts on your financial statements. Your income statement will have your revenue plus your sub’s revenue, your COGS plus your sub’s COGS, and so on. Your balance sheet will have your cash plus your sub’s cash, your PP&E plus your sub’s PP&E, your accounts payable plus your sub’s accounts payable, and so on.

these should be separate line items in income statement though… right?

[S2000magician]

@sachin\_patel

@S2000magician

@blackjack21

What is consolidating? (Not sure if this is a good quesn to ask at this time)

Acquisition method: you include all of the subsdiary’s accounts on your financial statements. Your income statement will have your revenue plus your sub’s revenue, your COGS plus your sub’s COGS, and so on. Your balance sheet will have your cash plus your sub’s cash, your PP&E plus your sub’s PP&E, your accounts payable plus your sub’s accounts payable, and so on.

these should be separate line items in income statement though… right?

Nope.

If your COGS is $10 million and the sub’s COGS is $4 million, your consolidated income statement shows COGS at $14 million.

One line.

(You’ll probably throw a footnote in there, however, with the details.)

[sachin_patel]

got it… thx

[proanalyst]

Thank you people for clarifying this issue thanks again