subsidiary of the fact that these investments are really at the moment, that is, the share of the parent company in the fair value of the net assets of the subsidiary at the balance sheet date and the remainder arising on acquisition investments. Consolidation should provide an exception again of mutual operations of the companies of the group.on the nature of the transaction for the investment and establishment of control are two of the primary method by which the consolidated financial statements: the method of purchase (acquisition) and the method of merger (absorption). These methods differ procedurally and have a great impact on the aggregate financial results presented in the consolidated financial statements.consolidated statement of income may be a situation where enterprises groups use different methods of cost accounting - full cost method or the method of direct costs. Therefore, during the preparation of the consolidated financial statements to account for all profit and loss statements of the individual companies on one of these two methods.of the consolidated financial statements is a fairly time-consuming process. Therefore, with appropriate use of information systems.these purposes, you can use the system "1C: Consolidation of 8", which provides for the collection, processing and presentation in a common format of financial information of all subsidiaries and affiliated companies, allowing to apply the necessary methodology and understand the requirements of international standards.performance and quality in the consolidation of financial statements corresponds to the algorithm logic of consolidation.objectives of developing guidelines for the formation of the consolidated financial statements are:
Automate the collection of information for the purposes of consolidated accounts;
Reducing the time for preparing the consolidated financial statements;
Improving the quality of reporting;
Improvement of the system of internal controls;
Regulation of procedures for the preparation and presentation of the consolidated accounts;
Preparation of the consolidated financial statements on the basis of full and accurate information on the activities of related companies as a single economic activities of the organization.the specialized system "1C: Consolidation TRAC 8" integrated methodology of transformation, containing a set of source, transformation and final form, provide reporting in accordance with IFRS. The model includes 60 transformational adjustments to reflect typical differences between the accounting policy of RAS and IFRS. The important point is to analyze the transformation of the statements of accounting policies used and the ability to define its basic parameters. p align="justify"> OF USED LITERATURE
1. Federal Law "On Accounting and Re...
