proportional consolidation

Show Summary Details

Quick Reference

A method of consolidation used in group accounts in which subsidiaries are not fully owned; a proportionate share of each category of a joint venture’s revenue, expenditure, assets, and liabilities is included line by line. This is a complex and controversial topic. The Accounting Standards Board has rejected this method of consolidation, although it is accepted by the International Accounting Standards Board. Compare full consolidation.

Subjects: Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.