Quick Summary of Non-Controlling Interests in IFRS consolidations

Non-controlling Interests (NCI) or Minority Interests are the portions of equity of a subsidiary not directly or indirectly related to the Parent company we are consolidating. This video will give a quick 5-minute summary of how NCI is derived and presented in consolidated financial statements. Timestamps: 00:00 Introduction 00:26 Theoretical definitions 00:45 NCI in the structure chart 01:17 NCI in consolidations 04:24 Outro ----oooOOOooo----- If you have any questions or want to request a lesson... just leave a comment and We will answer them as best as possible! Thanks so much! AccountingZeroToHero