Aspects Regarding the Methods of Accounts Consolidation and the Elaboration of Consolidated Financial Reports

Mariana Man and Loriana Zamfir
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Mariana Man: University of Petroşani, Romania
Loriana Zamfir: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2006, vol. 6, 129-138

Abstract: Consolidated financial reports should provide a clear and accurate image of the assets, debts, financial situation, profit and loss of the companies comprised within the consolidation process as a whole. They should specify the accounting policies adopted while determining the sums corresponding to the balance sheet posts or the group’s profit and loss. In order to consolidate the accounts it is necessary to study the group that is going to be consolidated according to the inter-links among component companies as well as the control types, that is the influence the main company has upon each other constituent company.

Keywords: group; branch; mutual control; significant influence; combination of companies; acquisition; date of acquisition; consolidation; consolidated accounts; consolidation perimeter; associate company; the method of equivalence; proportional consolidation; minor interest; participation interest; fair value (search for similar items in EconPapers)
Date: 2006
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