, like the US, the consolidated income is the basis for the declaration of dividends (the parent company decides on the payment of dividends for the activities of a subsidiary). Undoubtedly, the consolidated statement contains important information for making financial and operating policy decisions.the parent company meets the above criteria, it is required to prepare consolidated accounts. This applies to each of the Group subsidiaries.with subsidiaries that do not prepare consolidated accounts if, in turn, is a subsidiary and its parent company is consolidated.financial statements are prepared on the basis of statements of companies with certain accounting procedures, which are , in essence, the sum of assets, liabilities, income and expenses of the enterprises and the general exclusion of articles.content, the consolidated financial statements of the reporting of any other similar independent company, and includes:
Consolidated Balance Sheet (form ДЃ "- 1);
Consolidated statement of income (form ДЃ "- 2);
Consolidated statement of cash flows;
Explanations (decryption) to the consolidated financial statements;
Report of the management board of the enterprise group. [11] not always report the group of companies may include all of the positions, the composition of the consolidated financial statements in different countries may be different. So, for example, and Germany, in contrast to the US in the statement does not require the statement of cash flows. May be different and the structure of the consolidated balance sheet or profit and loss account.to the 7th EU Directive, which sets out the general rules of the consolidated statement, they should include a balance sheet, income statement and notes (decoding), and supplemented by a special report on the state of concern.and Russian rules parent company must consolidate all foreign and national companies of the concern, regardless of the nature of their activities. However, if the activities of an entity is significantly different from the activity of the group, according to local government in the notes to indicate this fact. Also recommended to lead such an enterprise data reporting line item when interpreting certain articles of the consolidated accounts. International standards is also provided (in Russian is not specified), that the company should not be included in the consolidated financial statements, if its share in the share capital acquired exclusively with a view to sale, and if the company ceases to meet the definition of a child, - from this point on is not included in consolidated group.from preparing consolidated financial statements, small and medium-sized companies, are complied with two of the three requirements: the size of turnover, total balance and the number of employed . Calculation of total assets and turnover can be gross or net techn...
