Perimeter of Consolidation – Essential Element for Account Consolidation

Guni Claudia Nicoleta ()
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Guni Claudia Nicoleta: “Spiru Haret” University, Constantza

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1159-1163

Abstract: The account consolidation starts with establishing the perimeter or consolidation, by means of which the group identifies and localizes itself in the national and/or international economic territory, which is established based on calculations on the control percentage of the mother-company on the entities which are to be consolidated. The processing of individual financial statements transmitted by the entities in the perimeter of consolidation is done in an organized manner, depending on the structure chosen by the group management, be it centralized or decentralized. Demarcating the accounting limits of a group or, in other words, determining the consolidating perimeter is the first step of the consolidation process. The consolidation perimeter encompasses all entities retained for drafting the consolidated financial statements.

Keywords: exclusive control; joint control; significant influence; interest percentage. (search for similar items in EconPapers)
JEL-codes: G3 G32 G34 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1159-1163

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