MINORITY INTERST IN CONSOLIDATION

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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nagesh
Posts: 35
Joined: Sun Oct 28, 2007 4:27 am
Location: India

MINORITY INTERST IN CONSOLIDATION

Post by nagesh »

CAN ANYBODY HELP ME OUT BY SAYING ANSWER TO THIS QUESTION.

MINORITY INTEREST IN CONSOLIDATION .
AND WHAT IS BI TOOLS IN CONSOLIDATION .
Murthyoracle
Posts: 147
Joined: Thu Sep 06, 2007 9:13 am
Location: India

Post by Murthyoracle »

I have obtained some information from Google Search, the same attached is here. It will be help you. It willbe shown as Liability in Balance Sheet.

the Attached copy:

1. A significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

2. A non-current liability that can be found on a parent company's balance sheet that represents the proportion of its subsidiaries owned by minority shareholders.

1. In accounting terms, if a company owns a minority interest in another company but only has a minority passive position (i.e. it is unable to exert influence), then all that is recorded from this investment are the dividends received from the minority interest. If the company has a minority active position (i.e. it is able to exert influence), then both dividends and a percent of income are recorded on the company's books.

2. If ABC Corp. owns 90% of XYZ inc, which is a $100 million company, on ABC Corp.'s balance sheet, there would be a $10 million


regards,
Murthyorcle.
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