t of additional information to the reporting forms software used for total exclusion from consolidation of data related to intercompany transactions;
Procedure for the formation of the statement of cash flows "direct method";
Method of determining the level of significance in deciding not to include organizations in the consolidation perimeter;
Explanation approaches JSC "CB" to the exclusion methodology unrealized profit from the cost of assets acquired within the group;
Formation of the Annex to the consolidated balance sheet (form number 5). additional advantage in the development of guidelines for the formation of the consolidated financial statements is also a knowledge of the consolidation of reporting in such software products as SAP, В«1C: Consolidation", etc., as well as the experience of cooperation in implementation of ERP-class, including purposes of consolidated accounts, in large holdings. There are positive reviews of the results of similar projects. br/>
3.3 International Financial Reporting Standards and the European Community Directive on consolidated accounts
acquainted with the statements, we use the term 'accountability', referring to the statements of the companies, organizations, companies or firms, without disclosing the features of their organizational structure. Modern large companies can combine several companies with different systems of participation. Under one name is not one company but a group of related companies.of participation, and close long-term relationships between them in reporting would lead to its distortion and getting false information. As a result, the company is home to the subsidiaries (for this and other necessary concepts we'll cover later), has fallen to the consolidated financial statements (consolidated reports), which received the name of our country in the consolidated accounts.the turn of the XIX-XX centuries. the first to use the consolidation of US companies, a В«United States Steel CompanyВ», recorded in New Jersey in 1901, was the first company that published the consolidated financial statements. More rapid spread of the consolidated financial statements in the US compared to other countries due to a larger process of concentration and centralization of capital, the emergence of holdings, lack of legal and other barriers to the introduction of a new accounting methodology.Europe, the consolidated financial statements was prepared later. In UK law the first mention of the consolidated financial statements refers to 1947 in West Germany - to 19b5-mu, and in France - by 1986, however, the first publication on the subject appeared in the UK in the 20's, and the London Stock market began to demand that the consolidated accounts in 1939 Only 22 French companies have published the consolidated balance sheet in 1967., but onl...
