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
Your material is better at teaching this subject than actual college professors. Glad you made this.
@TheFinancialController
8 күн бұрын
Wow, thanks!
I'm an accounting student. These type of videos are super helpful! Thank you!
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
2 жыл бұрын
Good idea ok
@paulacesana8439
2 жыл бұрын
I am accountant too and I would like to watch a video about that as well! 👍🏼👏🏼
@cassandrajenkins699
9 ай бұрын
I'm interested in this topic. Did you make a video on this topic?
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
2 жыл бұрын
Haha thanks for watching
Wow...this is very nice. Looking forward for more such knowledgeable videos! Very helpful.
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
I appreciate your effort making this content! Very helpful!
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?
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
That's great. We hope for more videos like this.
Thank you so much! It is a very helpful video.
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
2 жыл бұрын
Thanks brother
You created your own destiny! Aww!! Love your t-shirt bro!
Thanks bill ..Your videos is very helpful Keep itup
most useful videos to revise quickly.....
Thank you for all the videos. I majored in accounting should I master in accounting or business administration
Superb.. simply explained a complex accounting process which would accountants think as rocket science.
@TheFinancialController
4 ай бұрын
Glad you liked it
thank you as always, very easy to understand, very detailed and very helpful.
@TheFinancialController
Жыл бұрын
You are welcome!
Please do more videos like this!
Your content is gold bro, thanks
Wow finally understood the theory
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:)
Can you share some links to go through or books for consolidation to understand the concepts better for a company of 100+ subsidiary
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?
Love your videos man! Props 🤩
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.
The best video ever!!! You should make a CPA course since you make it so simple. THANK YOU
@TheFinancialController
Ай бұрын
Great suggestion!
Thanks. Again a Wonderful video.
Thank you so much, Bill! Very helpful!
@TheFinancialController
3 ай бұрын
So glad!
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
Thanks for the video, it helps me to understand better
@TheFinancialController
11 ай бұрын
Glad to hear that!
Always impactful ... 👏
Excellent I am from India, love watching all your videos❤
@TheFinancialController
Жыл бұрын
Awesome! Thank you!
Hi, do you have one for income statement?
Thanks for the awesome video. please make video on more intercompany detailed topics
@TheFinancialController
Жыл бұрын
Sure I will
Nice video bill , l like your way to describe accounting
@fouadhassan1378
2 жыл бұрын
If you can make video for goodwill
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
2 жыл бұрын
Coming soon!
Hi, am from India, your videos are excellent and very useful. Could you able to take the topics of IFRS 9 , 15 and 16
The parent recorded 2k in there asset where ,is it recorded in subsidiary?
so helpful!!!
Thank you so so much ❤️❤️❤️
Is this different from finance? I need to study finance way for exams and finals.
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.
You say retained earnings in a plug. Is it not just the combined RE less the investment and capital elimination?
Thank you . U r Great
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
2 ай бұрын
Hi. I have an online course on controllership on my website
@unaliu8504
2 ай бұрын
@@TheFinancialController thanks for you reply. May I ask your website link ?
Tanks for previous
Thank you!!!
THANK YOU!!!
Thank you boss
How to prepare combined financial statement please show me
Love you sir Bill ❤️❤️
Please upload video with goodwill example
I want to learn depresation methods.different methods.
What kind of laptop should I get for school I'm considering the new MacBook or Microsoft surface 7?
Perfect
Hello sir 😁 sir how to become a Ceo? steps by steps, experience , entry positions. please Tell me 💚
Is this IFRS?
Please make more videos
I have my exam tomorrow 😂, start prep at the last moment.
How about if there's Minority Interest?
@TheFinancialController
2 жыл бұрын
Then you would book a non current liability for the % of book value owned by other investors
Significant influence is greater than 25% but less than 50% ownership and controlling influence is greater than 50% ownership, right?
@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%
Still waiting for the next video