Home  Journals  International Accounting  8(206) - 2012 February

Institutional bases of legislative base on reporting consolidation in the Russian Federation

Available online: 21 February 2012

Subject Heading: REFORMING of REPORTING

JEL Classification: 

In the article the institution of law in the relationship with the definition of legal forms of legal entities to create groups of related organizations. The author investigates regulations of the Russian Federation, containing definitions of concepts used in the construction of the consolidated financial statements in order to compare them with international standards IFRS 3 "Business Combinations" and IAS 27 "Consolidated and Separate Financial Statements". Practical examples the author illustrates the calculation of non-controlling interest in the statement of financial position and of comprehensive income.

Keywords: Formal and informal institutions, Private and public institutions Accounting practices, Consolidated financial statements, A group, Uncontrolled share, A parent, A subsidiary, Separate financial statements

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

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