NPO Reporting controlled and related entities section 4450

Question 1

How must an entity report controlled, jointly controlled and significantly influenced entities
(both for-profit and not-for-profit)?

Answer 1

HB 4450

• Controlled NPO
  ‒ Consolidation OR disclosures including total assets, liabilities, net assets, revenues, expenses, cash flows from operating, investing and financing activities
• Controlled for-profit
  ‒ Consolidation OR equity method with disclosures including total assets, liabilities, net assets, revenues, expenses, cash flows from operating, investing and
  financing activities
• Joint Venture
  ‒ Proportionate consolidation OR equity method with disclosures including total assets, liabilities, net assets, revenues, expenses, cash flows from operating, investing and financing activities
• Significantly influenced NPO
  ‒ Disclosures including description of the relationship, organization’s purpose and
  the nature and extent of any economic interest that the reporting organization has
• Significantly influenced For-profit
  ‒ Equity method