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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[@greenlightstudios3816]

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

[@TheFinancialController]

Wow, thanks!

[@shawnmohamed9886]

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

[@jessyliu1745]

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]

Good idea ok

[@paulacesana8439]

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

[@cassandrajenkins699]

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

[@DreamFirms]

I appreciate your effort making this content! Very helpful!

[@arsingh9411]

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]

Haha thanks for watching

[@tusharmirani5773]

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

[@marilufraga9575]

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

[@eobdramaclips992]

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

[@neatlymessed6341]

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

[@jonathanrviews5081]

Love your videos man! Props 🤩

[@eliezeraryapranata5055]

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?

[@mattsarff2793]

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]

Thanks brother

[@mubarakgaracad2950]

Thanks bill ..Your videos is very helpful
Keep itup

[@AbdullahiAbdirahmanAli]

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

[@TheFinancialController]

You are welcome!

[@SuperacionMasculina24]

Your content is gold bro, thanks

[@jyotisharma9313]

most useful videos to revise quickly.....

[@rudyrivera4392]

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

[@yinyin7614]

Thanks. Again a Wonderful video.

[@mokubunshinnojutsu]

Thanks for the video, it helps me to understand better

[@TheFinancialController]

Glad to hear that!

[@poodleseigien]

Please do more videos like this!

[@clutchlaughs9179]

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

[@esthermuiruri104]

Always impactful ... 👏

[@AhMauy]

Thank you so much, Bill! Very helpful!

[@TheFinancialController]

So glad!

[@radhadevan1768]

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

[@tonythomas6702]

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

[@TheFinancialController]

Glad you liked it

[@teaganshaw5340]

so helpful!!!

[@capenterjojo3373]

Wow finally understood the theory

[@tracyliu2497]

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:)

[@sherinefahmy3114]

Thank you so so much ❤️❤️❤️

[@fouadhassan1378]

Nice video bill , l like your way to describe accounting

[@fouadhassan1378]

If you can make video for goodwill

[@lamiaaitbouskri278]

Thank you . U r Great

[@nirmalm7165]

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?

[@jawidkhair6668]

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

[@TheFinancialController]

Great suggestion!

[@ayny1529]

Thank you!!!

[@dwitidesai]

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

[@ashfaqhussain5328]

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

[@TheFinancialController]

Sure I will

[@Yo_Kelz]

THANK YOU!!!

[@vascogamero530]

Thank you boss

[@tamiratchirato1815]

Tanks for previous

[@narasimhacg1]

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

[@TheFinancialController]

Awesome! Thank you!

[@jeremyjones8128]

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.

[@jeycee6807]

Love you sir Bill ❤️❤️

[@heisenberg7049]

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]

Coming soon!

[@thangavelr8178]

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

[@Tekevin]

Hi, do you have one for income statement?

[@Ahmed8012k]

Perfect

[@ahmedfarah623]

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

[@unaliu8504]

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]

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

[@unaliu8504]

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

[@arslantahir1708]

Please upload video with goodwill example

[@maddys.r760]

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

[@M3Monica]

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

[@siennahope6100]

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.

[@tamiratchirato1815]

How to prepare combined financial statement please show me

[@hectoraguilar9438]

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

[@shibbirahmedkhan6626]

Please make more videos

[@addissondietz5187]

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

[@rangapriyadarshana6355]

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

[@user-gs3ro4dq8y]

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

[@nadirbaig156]

I want to learn depresation methods.different methods.

[@IsabelleChatterton]

Is this IFRS?

[@ronniejrolavario8374]

How about if there's Minority Interest?

[@TheFinancialController]

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

[@nicksonmusunzuru5823]

Still waiting for the next video

[@johnnybravo8510]

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

[@TheFinancialController]

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