1.1 Introduction
The objective of accounting for noncontrolling interests is to
present users of the consolidated financial statements with a clear depiction of the
portion of a subsidiary’s net assets, net income, and comprehensive income that is
attributable to holders of equity-classified ownership interests other than the
parent. In practice, the combination of complex capital structures, multiple sources
of authoritative guidance on accounting for noncontrolling interests, and multiple
policy elections available to reporting entities can make this objective difficult
to achieve.
The sections below give an overview of the framework for
classifying, measuring, and presenting noncontrolling interests. The topics
summarized in those sections are further discussed and illustrated in Chapters 3
through 9 of this Roadmap.