THE RELEVANCE OF CONSOLIDATING THE FINANCIAL STATEMENTS WITHIN THE GROUP OF COMPANIES' DECISION-MAKING PROCESS

Iulia David-Sobolevschi and Monica Petcu
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Iulia David-Sobolevschi: Bucharest Academy of Economic Studies
Monica Petcu: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 05(534)(supplement), issue 05(534)(supplement), 143-148

Abstract: Knowing the individual data presented in the annual financial statements of companies that are included in the group, is not sufficient in order to provide the necessary information for various users, regardless of their nature (shareholders or partners, potential investors, banking system, etc.). The purpose of the consolidated financial statements is to issue complementary, relevant, and objective information referring to the overall entity. Thus, one can identify the specific indicators which characterize performance and the financial position that are useful in the decision-making process concerning the establishment and the allocation of the capital on the groups of companies.

Keywords: group; performance; relevance; financing; global investment. (search for similar items in EconPapers)
Date: 2009
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