Home  Journals  International Accounting  14(164) - 2011 April

Contents and procedures for preparing of consolidated financial statements

Available online: 11 April 2011

Subject Heading: REFORMING OF THE REPORTING

JEL Classification: 

After the adoption of the Federal Law "On the Consolidated Financial Statements» № 208-ФЗ by the State Duma, the study of procedures for its preparation attains special importance to russian companies. Groups of affiliated entities, forming a new unified management object, are obliged to prepare such statements. Given these groups of affiliated entities, interested users face the need to obtain consolidated data on their actual financial results and prospects. Such data can be only presented in consolidated financial statements.
     In this paper, methodological basis and procedures for preparation of consolidated financial statements are revealed, considering the requirements of actual International Financial Reporting Standards.

Keywords: groups of entities, consolidated financial statements, unified management object, International Financial Reporting Standards

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

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