Non-controlling interest
In accounting, non-controlling interest means the equity in a consolidated subsidiary not attributable to the parent — shown within equity, separately from the parent's, with its share of net income allocated on the P&L.
- Layer
- Lexicon
- Defined in
- Lexicon
- Also called
- NCI
- Components
- 1
Authority
This definition follows ASC 810-10-45-16.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Non-controlling interest, in use
Quoted from the 2 documents that use the word — what it does to an interface, in the spec's own sentence.
Non-controlling interest as an equity component and as a net income allocation.
Non-controlling interest appears on both statements — as a component of equity on the balance sheet, and as an allocation of net income on the P&L.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- minority interest (superseded term)
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
12Close, controls & consolidation
Family specComponents that render the terms it depends on
Little in the catalog names this concept outright, but its definition is built out of others that are named. These render net income, equity.
Terms this one depends on
- ConsolidatedPresenting a parent and the entities it controls as one economic entity, with intercompany balances and transactions eliminated
- Net incomeRevenues and gains less expenses and losses, including income tax, for the period — the bottom line of the P&L, before any allocation to non-controlling interests
- EquityThe residual interest in the assets that remains after deducting liabilities (FASB CON 8 ¶E61)
Also in Multi-entity
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.