How (& When) To Consolidate Financial Statements

I discuss the various methods of Accounting for Investment in Subsidiary and showing an example of a consolidated balance sheet.
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Пікірлер: 82

  • @greenlightstudios3816
    @greenlightstudios381610 күн бұрын

    Your material is better at teaching this subject than actual college professors. Glad you made this.

  • @TheFinancialController

    @TheFinancialController

    8 күн бұрын

    Wow, thanks!

  • @shawnmohamed9886
    @shawnmohamed98862 жыл бұрын

    I'm an accounting student. These type of videos are super helpful! Thank you!

  • @jessyliu1745
    @jessyliu17452 жыл бұрын

    Hi, as an accounting professional, I really enjoy watching all your videos! They are super helpful! Another topic that I personally would like to know more about is foreign exchange rates and cumulative transaction adjustments (CTA). Once again, thank you for making these videos!

  • @TheFinancialController

    @TheFinancialController

    2 жыл бұрын

    Good idea ok

  • @paulacesana8439

    @paulacesana8439

    2 жыл бұрын

    I am accountant too and I would like to watch a video about that as well! 👍🏼👏🏼

  • @cassandrajenkins699

    @cassandrajenkins699

    9 ай бұрын

    I'm interested in this topic. Did you make a video on this topic?

  • @arsingh9411
    @arsingh94112 жыл бұрын

    thanks man! this takes me back to my days when i was doing my professional accounting studies and i hated group accounting at first. but then i realised it was super fun

  • @TheFinancialController

    @TheFinancialController

    2 жыл бұрын

    Haha thanks for watching

  • @tusharmirani5773
    @tusharmirani57732 жыл бұрын

    Wow...this is very nice. Looking forward for more such knowledgeable videos! Very helpful.

  • @rudyrivera4392
    @rudyrivera439218 күн бұрын

    As a CPA you literally gave about 34% of my paid for education away for free. Bless you for that, future financeers will benefit from your service bro

  • @DreamFirms
    @DreamFirms2 жыл бұрын

    I appreciate your effort making this content! Very helpful!

  • @eliezeraryapranata5055
    @eliezeraryapranata50552 жыл бұрын

    Hi Bill, it's a simple yet very helpful video to understand about consolidation process in balance sheet. So, can you make another video about consolidation for income statement and comprehensive income?

  • @neatlymessed6341
    @neatlymessed63412 жыл бұрын

    Hi Bill, Great video! Thank you for this information but i have a few scenarios whether Inter-company eliminations would happen or not - 1. Between Parent company and subsidiary company with 20 percent ownership 2. Between Parent company and subsidiary company with 50 percent ownership 3. Between two subsidiary companies with 20 percent ownership 4. Between two subsidiary companies with 50 percent ownership 5. Between two subsidiary companies, one with 50 percent ownership and other one with 20 percent ownership

  • @eobdramaclips992
    @eobdramaclips9922 жыл бұрын

    That's great. We hope for more videos like this.

  • @marilufraga9575
    @marilufraga95752 жыл бұрын

    Thank you so much! It is a very helpful video.

  • @mattsarff2793
    @mattsarff27932 жыл бұрын

    Thank you, I am a current CPA candidate and this was an area that I am struggling with. Elimination entries are the hardest part for me but an overall explanation of consolidations is super helpful.

  • @TheFinancialController

    @TheFinancialController

    2 жыл бұрын

    Thanks brother

  • @radhadevan1768
    @radhadevan1768 Жыл бұрын

    You created your own destiny! Aww!! Love your t-shirt bro!

  • @mubarakgaracad2950
    @mubarakgaracad29502 жыл бұрын

    Thanks bill ..Your videos is very helpful Keep itup

  • @jyotisharma9313
    @jyotisharma93132 жыл бұрын

    most useful videos to revise quickly.....

  • @clutchlaughs9179
    @clutchlaughs91792 жыл бұрын

    Thank you for all the videos. I majored in accounting should I master in accounting or business administration

  • @tonythomas6702
    @tonythomas67024 ай бұрын

    Superb.. simply explained a complex accounting process which would accountants think as rocket science.

  • @TheFinancialController

    @TheFinancialController

    4 ай бұрын

    Glad you liked it

  • @AbdullahiAbdirahmanAli
    @AbdullahiAbdirahmanAli Жыл бұрын

    thank you as always, very easy to understand, very detailed and very helpful.

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    You are welcome!

  • @poodleseigien
    @poodleseigien2 жыл бұрын

    Please do more videos like this!

  • @SuperacionMasculina24
    @SuperacionMasculina242 жыл бұрын

    Your content is gold bro, thanks

  • @capenterjojo3373
    @capenterjojo3373Ай бұрын

    Wow finally understood the theory

  • @tracyliu2497
    @tracyliu24972 жыл бұрын

    Hi, Thanks for your lesson, can you pls also talk about more complex consolidations such as the intra group sales transactions , inter group loan transactions as well as if the the subsidiary got the goodwill ... Thanks:)

  • @dwitidesai
    @dwitidesai Жыл бұрын

    Can you share some links to go through or books for consolidation to understand the concepts better for a company of 100+ subsidiary

  • @nirmalm7165
    @nirmalm71652 жыл бұрын

    Hi . It it compulsory to do CPA to become accountant or controller. Or msc Finance and accounting or MIM in accounting and finance is enough to become controller or an accountant?

  • @jonathanrviews5081
    @jonathanrviews50812 жыл бұрын

    Love your videos man! Props 🤩

  • @jeremyjones8128
    @jeremyjones8128 Жыл бұрын

    How did you get the 5,100 at the very end. An how does that number correlate to the initial consolidation before you did the one year after statement.

  • @jawidkhair6668
    @jawidkhair6668Ай бұрын

    The best video ever!!! You should make a CPA course since you make it so simple. THANK YOU

  • @TheFinancialController

    @TheFinancialController

    Ай бұрын

    Great suggestion!

  • @yinyin7614
    @yinyin76142 жыл бұрын

    Thanks. Again a Wonderful video.

  • @AhMauy
    @AhMauy3 ай бұрын

    Thank you so much, Bill! Very helpful!

  • @TheFinancialController

    @TheFinancialController

    3 ай бұрын

    So glad!

  • @ahmedfarah623
    @ahmedfarah623 Жыл бұрын

    i m from somalia and prepared ACCA when i prepared financial statement consolidation takes group what is difference between and your ledger.steps that i have done is group structure

  • @mokubunshinnojutsu
    @mokubunshinnojutsu11 ай бұрын

    Thanks for the video, it helps me to understand better

  • @TheFinancialController

    @TheFinancialController

    11 ай бұрын

    Glad to hear that!

  • @esthermuiruri104
    @esthermuiruri1042 жыл бұрын

    Always impactful ... 👏

  • @narasimhacg1
    @narasimhacg1 Жыл бұрын

    Excellent I am from India, love watching all your videos❤

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Awesome! Thank you!

  • @Tekevin
    @Tekevin4 ай бұрын

    Hi, do you have one for income statement?

  • @ashfaqhussain5328
    @ashfaqhussain5328 Жыл бұрын

    Thanks for the awesome video. please make video on more intercompany detailed topics

  • @TheFinancialController

    @TheFinancialController

    Жыл бұрын

    Sure I will

  • @fouadhassan1378
    @fouadhassan13782 жыл бұрын

    Nice video bill , l like your way to describe accounting

  • @fouadhassan1378

    @fouadhassan1378

    2 жыл бұрын

    If you can make video for goodwill

  • @heisenberg7049
    @heisenberg70492 жыл бұрын

    Hey Bill, great vid as always! I'm interested in becoming a controller and I know you made videos on the path to Controller/CFO at large/small companies but could you also make a video on the path to Chief Accounting Officer? That is a job that I don't hear much about and would like to learn more

  • @TheFinancialController

    @TheFinancialController

    2 жыл бұрын

    Coming soon!

  • @thangavelr8178
    @thangavelr81782 жыл бұрын

    Hi, am from India, your videos are excellent and very useful. Could you able to take the topics of IFRS 9 , 15 and 16

  • @maddys.r760
    @maddys.r7602 жыл бұрын

    The parent recorded 2k in there asset where ,is it recorded in subsidiary?

  • @teaganshaw5340
    @teaganshaw5340 Жыл бұрын

    so helpful!!!

  • @sherinefahmy3114
    @sherinefahmy31142 жыл бұрын

    Thank you so so much ❤️❤️❤️

  • @hectoraguilar9438
    @hectoraguilar9438 Жыл бұрын

    Is this different from finance? I need to study finance way for exams and finals.

  • @siennahope6100
    @siennahope6100 Жыл бұрын

    Is your notes specifically for public company? because if it's a private company, if the company owns more than 50% of the subsidary and demonstrate sig. influence, the parent company gets to choose from these 3 methods.

  • @M3Monica
    @M3Monica4 ай бұрын

    You say retained earnings in a plug. Is it not just the combined RE less the investment and capital elimination?

  • @lamiaaitbouskri278
    @lamiaaitbouskri2782 жыл бұрын

    Thank you . U r Great

  • @unaliu8504
    @unaliu85042 ай бұрын

    I think this video is clear, simple, easy to understand. Lecturer presents really well. Do you have any Udemy course or online course that I can purchase to learn consolidated FS under IFRS systematically ?

  • @TheFinancialController

    @TheFinancialController

    2 ай бұрын

    Hi. I have an online course on controllership on my website

  • @unaliu8504

    @unaliu8504

    2 ай бұрын

    @@TheFinancialController thanks for you reply. May I ask your website link ?

  • @tamiratchirato1815
    @tamiratchirato1815 Жыл бұрын

    Tanks for previous

  • @ayny1529
    @ayny1529 Жыл бұрын

    Thank you!!!

  • @Yo_Kelz
    @Yo_Kelz Жыл бұрын

    THANK YOU!!!

  • @vascogamero530
    @vascogamero530Ай бұрын

    Thank you boss

  • @tamiratchirato1815
    @tamiratchirato1815 Жыл бұрын

    How to prepare combined financial statement please show me

  • @jeycee6807
    @jeycee68072 жыл бұрын

    Love you sir Bill ❤️❤️

  • @arslantahir1708
    @arslantahir17082 жыл бұрын

    Please upload video with goodwill example

  • @nadirbaig156
    @nadirbaig156 Жыл бұрын

    I want to learn depresation methods.different methods.

  • @addissondietz5187
    @addissondietz51872 жыл бұрын

    What kind of laptop should I get for school I'm considering the new MacBook or Microsoft surface 7?

  • @Ahmed8012k
    @Ahmed8012k3 ай бұрын

    Perfect

  • @rangapriyadarshana6355
    @rangapriyadarshana63552 жыл бұрын

    Hello sir 😁 sir how to become a Ceo? steps by steps, experience , entry positions. please Tell me 💚

  • @IsabelleChatterton
    @IsabelleChatterton4 ай бұрын

    Is this IFRS?

  • @shibbirahmedkhan6626
    @shibbirahmedkhan66262 жыл бұрын

    Please make more videos

  • @user-gs3ro4dq8y
    @user-gs3ro4dq8y Жыл бұрын

    I have my exam tomorrow 😂, start prep at the last moment.

  • @ronniejrolavario8374
    @ronniejrolavario83742 жыл бұрын

    How about if there's Minority Interest?

  • @TheFinancialController

    @TheFinancialController

    2 жыл бұрын

    Then you would book a non current liability for the % of book value owned by other investors

  • @johnnybravo8510
    @johnnybravo8510Ай бұрын

    Significant influence is greater than 25% but less than 50% ownership and controlling influence is greater than 50% ownership, right?

  • @TheFinancialController

    @TheFinancialController

    Ай бұрын

    An investor has significant influence but not control of the investee if the investor holds between 20% and 50%. Controller typically is over 50%

  • @nicksonmusunzuru5823
    @nicksonmusunzuru58235 ай бұрын

    Still waiting for the next video

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