Home  Journals  International Accounting  13(145) - 2010 October

Methodological principles of forming of the consolidated income statement

Available online: 8 October 2010

Subject Heading: REFORMING OF ACCOUNTING

JEL Classification: 

In the conditions of consolidation of the reporting of the group, one of important components is disclosing maintenance to interested users the qualitative, reliable and comparable corporate information on financial results of activity of group. In the present work by means of the system analysis, the basic methods of formation of the consolidated income statement according to the International financial reporting standards of the are considered, process of consolidation of the report on profits and losses for date of association and in the subsequent period is stated. The conclusion that the financial results of the group reflected in the consolidated income statement in many respects are influenced by the chosen method of consolidation of the enterprises is drawn.

Keywords: consolidated income statement, consolidation, method of purchasing (acquisition), method of consolidation of interests, eliminate, parent company, affiliated company, minority shareholders, minority share

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

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