Configuring non-controlling interests in the income statement

The M1 process is the consolidation process that calculates the minority share of the profit and loss.
  1. In Business Modeling, select Modules > Consolidation > Processes and click the Capital tab.
  2. Select the M1 process from the list of processes and click the Edit icon.
  3. Click the lookup icons to select values for these items:
    • Base Account: We recommend that you select the top account of the profit and loss of the period.
    • Non Controlling Interests Account: An account to be recognized as the minority share in the income statement.
    • Non Controlling Interests Account Detail: If the selected non controlling interests account has schedule details, select a detail.
    • Non Controlling Interests Contra-Account: A minority contra account in the balance sheet that receives values from the income statement.
    • Non-Controlling Interests Contra-Account Detail: If the selected contra account has schedule details, select a detail.
  4. Click Save.
    A process is marked as configured when all required group accounts and schedule details are specified.
  5. To enable non-controlling interests in the income statement, in the Enabled column of the list of processes, select the check box of the M1 process.
  6. Select a value for the additional Consolidation Basis property as required.
    These values are available:
    • Adjusted entity data
    • Adjusted entity data including carry forward
    • Consolidated Balance Sheet
  7. Click Save.
  8. To enable the consolidation process configuration to take effect, publish the model.
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