Home  Journals  International Accounting  2(122) - 2009 February

Application of consolidated statement on IFRS for evaluation of activity of a banking (consolidated) group

Available online: 17 September 2009

Subject Heading: Credit organizations

JEL Classification: 

Nowadays consolidation of several organizations into banking (consolidated) groups is typical of the Russian banking sphere. This actualizes problems of operational and correct consolidation of data for increase if effectiveness of management, maximization of profitability and minimization of risks of activity of the group. One of the basic instruments of control, regulation, increase of effectiveness of activity and decrease of risks of the group is consolidated statement: own management statement and statement under IFRS and RAS. From 2008 new rules of accounting in credit organizations using accumulation method instead cash method are effective.

Keywords: consolidation, management, control, accounting, statement, accumulation method, cash method

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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