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Answer 1. Single consolidation method refers to combining the total revenue of the owner company with that of the 100 per cent of revenue, assets, liabilities as well as the related financial items, generated by its subsidiary. It all reports under one umbrella company. Many mergers occur in the same manner. In this the parent company exerts final ownership, whereas, the reporting subsidiary company has an indirect ownership of assets. On the other hand, the serial consolidation is an amalgamation of the assets and liabilities, financial statements of both the companies, the parent as well as the subsidiary. In the latter, there is equal opportunity for handling financial assets (Loginov et al., 2017).
Answer 2. The NCI does not impact the financial transaction which are adjusted on consolidation. Though, the financial profits which are unrealised to the organization or the subsidiary company come under the evaluation of Non-Controlling Interest (Fargher, 2019). Therefore, in such a case where profits gained are unrealized by a subsidiary, the share of NCI share based on the profit is adjusted. This forms the share of recorded equity by the NCI. According to these adjustments are carried out for the transactions pertaining to the intragroup, and are reflect adjustments for unrealised subsidiary profit. The resultant outcome is that the NCI only receives the realised share of the subsidiary equity.
Fargher, I. (2018). The ‘value to the owner’objective and its implications in the separate recognition of personal and enterprise goodwill. Australasian Accounting, Business and Finance Journal, 12(3), 87-106.
Loginov, M., Zierau, A., Kavianpour, D., Lerche, D., Vorobiev, E., Gésan-Guiziou, G., ... & Sobisch, T. (2017). Multistep centrifugal consolidation method for characterization of filterability of aggregated concentrated suspensions. Separation and Purification Technology, 183, 304-317.
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