Minority interest...

CFA Level I
#1

Explain how they are reported under US GAAP and IFRS. 1min

#2

part of equity under GAAP, as a liability, equity, or on the “mezz” part of the BS for IFRS

#3

I am completely wrong :slight_smile:

#4

yep, you are right. I think I have it backwards.

#5

sorry… have to revist it once again

#6

IFRS: Minority interest in consolidated subsidiary is reported in the shareholder’s equity section US GAAP: a minority interest is typically reported on a standalone basis between total liability and total shareholder’s equity (referred as “mezzanine” presentation)