Non-controlling interests in the income statement

This process calculates the minority share of the income statement. Then the process creates a journal that transfers this share from the income statement to the Non-Controlling Interests section of the balance sheet.

To enable the calculation of the non-controlling interest in the income statement, you must configure the process of capital consolidation in the process configuration.

The non-controlling interest is calculated based on the value from the base account. This formula is used:

base account * ( direct non-controlling interest + indirect non-controlling interest)

Select Financial Consolidation > Data Process Group > Configure Processes and click the Cons. Capital tab.
In the M1 process, which is the consolidation process that calculates the minority share of the profit and loss, specify this information:

Base Account

Select the base account.
We recommend that you select the top account of the profit and loss of the period.

Non Controlling Interests Account

Select the account to be recognized as the minority share in the income statement.

Non Controlling Interests Account Detail

Select the detail of the non-controlling interests account.

Non Controlling Interests Account

Select the minority contra account in the balance sheet that receives values from the income statement.

Non Controlling Interests Account Detail

Select the detail of the non-controlling interests contra account.
To enable the consolidation process configuration to take effect, publish the model in Business Modeling.