the occurrence of any other possibility to influence the decisions taken by the subsidiary.on associates consist of the consolidated financial statements from the first day of the month following the month of purchase of the parent organization or the corresponding number of shares in the share capital of the company. [12] of each component of the consolidated financial statements must contain the word "consolidated" and the name of the group.financial statements are presented to the founders (participants) of the parent organization. Other interested users of the consolidated financial statements are presented in the cases established by the legislation of the Russian Federation, or by the parent organization.parent organization prepare consolidated financial statements no later than June 30 of the following year, unless otherwise provided by the legislation of the Russian Federation or the constituent documents of the organization.financial statements signed by the manager and the chief accountant (accountant) of the parent organization.decision of the members of the group consolidated financial statements may be published in the published financial statements of the parent organization. (consolidated) statistical reporting PPG prepared and submitted to the State Committee on Statistics of the central company in due course. (consolidated) reports, accounting and statistical reports reflect the property and financial regulation FPG, and the results of its investment activities . common requirement for annual consolidated financial statements of, is the condition that the property and financial position as well as the level of income should be presented in such a way as to look like a group of companies together.problem is that the balance of the parent and subsidiary companies can be drawn on different dates and in different currencies, different in structure, composition, content, and assessment items.the reporting at the subsidiary may need to make changes:
The structure of the balance sheet;
In the content and composition of the balance sheet;
The assessment of the balance sheet;
In the conversion of the balance sheet from one currency to another.first step in preparation for the consolidated report is rearrangement of the balance sheet.for it usually does not occur when subsidiaries are located in the same country with the parent, because then they tend to use uniform methods of reporting., foreign subsidiaries, accounting records in accordance with national requirements, have to rearrange their balance sheets in accordance with the requirements of the parent company.it is necessary to revise the content of the balance sheet for compliance adopted by the parent company accounting practices.attention to the valuation of a balance sheet items and to make adjustments if necessary. The changes here may be necessary for foreign subsidiari...
