Home  Journals  International Accounting  19(169) - 2011 May

Dual consolidation

Available online: 17 May 2011

Subject Heading: PROBLEMS OF THE ACCOUNT

JEL Classification: 

In response to informational needs of investors in point of financial performance and financial position of investment mediums the consolidated reporting is developing. The idea of preparing consolidated financial statements consists in combining the financial statements of the parent company and its subsidiaries as if they perform as a single economic entity. In the present work we consider the basis of consolidation procedures by the instrumentality of simulation method of accounting, based on fundamental concept of accounting - principle of duality.

Keywords: consolidated statements, principle of duality, parent company, subsidiary company, elimination

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

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