Overview

proportional consolidation


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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.


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