Read the acquisition entries line by line

1Know the figures

Your Group bought 80% of Company F in September 2026 for 960,000. Company F’s financial year runs January to December. At the date of the purchase, its books show:

The purchase price allocation values its identifiable net assets at 1,000,000: 80,000 more than its books. The NCI is measured at its share of the net assets, 200,000.

2Open the acquisition on the NCI Report

1. Open Ownership & Equity → NCI Report.
2. Choose Actual as Scenario, YTD as Basis and Sep-2026 as As at period.
3. In NCI movement by subsidiary, click Company F’s row, and open How each figure was worked out in its card.

The card’s heading repeats the holding: Held by Your Group · 80% · NCI 20% · SGD. Under Ownership records, the record reads 01-Sep-2026 · Bought 80%, with its price and goodwill. In How each figure was worked out, the rows whose Source period is Acquisition are the acquisition entry. The rows for later months are the NCI’s share of profit, covered in Read the NCI Report month by month.

3Read the equity eliminated

The group bought Company F’s equity as it stood in September, so all of it is eliminated: at 100%, not 80%. The NCI’s part comes back as its own line in step 6.

The profit Company F made from January to August is part of what the group bought, not profit the group earned. So it is taken out of the group’s profit and loss account by account, and the group’s year to date only includes Company F from September. For a company in another currency, each month is translated at that month’s average rate, and the equity at the closing rate on the date.

4Read the fair value adjustment

Acquisition FV Adjustment is the difference between the net assets at fair value and what was eliminated: its formula is fair_value_net_assets_at_date - translated_source_equity_at_acquisition_date - pre_acquisition_cye.

1,000,000 − 800,000 − 120,000 = 80,000, posted to the FV Adjustment account, a non-current asset. It is what brings the eliminated amount up to the fair value goodwill is measured from. When the fair value equals the books, there is no row.

5Read the investment

Your Group recorded the purchase in its own books: the 960,000 is already in Investment in subsidiary - Company F, and the cash has already left its bank. On consolidation the investment is replaced by what it bought, so this row credits the investment with the cost and clears it. Nothing is posted to the bank.

6Read the NCI and the goodwill

The NCI starts at its 20% of the fair value. Goodwill is what balances the entry: 960,000 + 200,000 − 1,000,000. If the balance went the other way, the row would be Gain on Bargain Purchase instead.

7Put the entry together

1. Open Review → Elim. & Journals Report for Sep-2026, and search for NCI-AUTO-ACQ.
2. Open Auto NCI acquisition-date posting Company F (ACQUIRE).

Its lines carry the same amounts, each with a description that names it: Auto NCI acquisition equity elimination - Company F, Auto NCI acquisition pre-acquisition current year earnings, Auto NCI acquisition FV adjustment - Company F, Auto NCI investment in subsidiary, Auto NCI net assets and Auto NCI goodwill.

8Check the preview balances

1. On Ownership & Equity → Ownership, click Company F, and open What posts for the current month.

The preview also explains how the later NCI is worked out, under Reserve Base Calculation: net assets from the subsidiary’s closing equity at the closing rate, share of profit from the year’s profit and loss at the average rate, and share of CTA and of other reserves at the closing rate.

9If something doesn’t tie