The Non-Controlling Interest (NCI) calculation in financial consolidations represents the portion of a subsidiary's net assets and income not owned by the parent company. It's calculated by applying the minority shareholder's percentage to the subsidiary's equity and net income. 

NCI is reported separately in the consolidated financial statements.

The key components of NCI include:

  • Define Members: This refers to the account and audit dimension members required to set up the NCI calculations.
  • Rules: There are several pre-configured consolidation rules. Review the different rules on this page.
  • Attributes: After updating the consolidation rules for NCI, the Account Attribute table must also be updated to assign these rules to specific accounts in the Trial Balance.
  • Ownership details: Review and manage ownership details on the Manage Ownership form.