Home  Journals  Financial Analytics: Science and Experience  13(199) - 2014 April

Current trends of consolidated reporting for company's group

Available online: 31 March 2014

Subject Heading: Financial management

JEL Classification: 

Pages: 11-22

The article deals with current issues of consolidated financial statements that affect the provision of the information infrastructure of the capital market, the creation of favorable investment climate and economic growth in the country. The author considers the new directions of consolidation process of reporting data for the companies group consisting of maternal and subsidiaries. The paper analyzes preliminary main and final the consolidation stages on the specific example. The author allocated the main schemes of consolidation depending on share and extent of control considering features according to structure of companies group. Practical examples show the essence of the purchase method and equity method.

Keywords: consolidation, group companies, reporting, standards, control, financial result

References:

1. International Accounting Standard (IAS) 28 "Investments in associates and joint ventures". The Order of the Finance Ministry is enacted on the territory of the Russian Federation of November 25, 2011 № 160n (ed. of July 18, 2012 № 106n).
2. International Financial Reporting Standard (IFRS) 3 "Business Combinations". The Order of the Finance Ministry is enacted on the territory of the Russian Federation of November 25, 2011 № 160n (ed. of July 18, 2012 № 106n).
3. International Financial Reporting Standard (IFRS) 10 "Consolidated Financial Statements". The Order of the Finance Ministry is enacted on the territory of the Russian Federation of November 25, 2011 № 160n (ed. of July 18, 2012 № 106n).
4. International Financial Reporting Standard (IFRS) 11 "Joint Operations". The Order of the Finance Ministry is enacted on the territory of the Russian Federation of November 25, 2011 № 160n (ed. of July 18, 2012 № 106n).
5. International Financial Reporting Standard (IFRS) 12 "Disclosure of Interests in Other Entities". The Order of the Finance Ministry is enacted on the territory of the Russian Federation of November 25, 2011 № 160n (ed. of July 18, 2012 № 106n).

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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