iques; according to the latest eliminated intercompany transactions.consolidated accounts are not prepared, if:
It is assumed temporary control as a subsidiary acquired in order to sell in the near future;
A subsidiary operates under severe restrictions, which significantly reduces the possibility of the transfer of funds of the parent company;
A subsidiary is not significant for the group;
Put together a few companies do not occupy a significant place in the group;
The activity of the subsidiary is different from the activities of companies belonging to the group (otherwise violated the concept of fair and accurate assessment);
High cost and significant delay of information and documents necessary for the consolidation.accordance with the concept of accounting and reporting in the medium term, approved by Order of the Ministry of Finance of Russia from July 1, 2004 ДЃ "- 180 consolidated financial statements as a variety of accounting information is intended only as a function and is interested external users. These statements should be one of the main sources of financial information for economic decision-making by these users. [10] main task in the area, the consolidated financial statements is to provide interested users with secure access to high-quality, reliable and comparable information on the group of economic entities. br/>
.2 Principle of consolidated reporting. Legislative and legal support COMPANIES CONSOLIDATED STATEMENTS
accordance with international standards, the consolidated statements should be based on certain principles and methods (to meet certain requirements). principle of completeness. All assets, liabilities, prepaid expenses, deferred revenue of the consolidated group are accepted in full, regardless of department and the parent company. Minority interest is presented in the balance sheet as a separate item under the appropriate heading.principle of equity. As the parent company and the subsidiaries are treated as a single economic unit, the equity is determined by the book value of shares in consolidated companies, as well as the financial performance of these companies and reserves.principle of fair and accurate assessment. The consolidated accounts should be presented in a clear and easily understandable form and give a true and fair view of assets, liabilities, financial position, profits and losses of the companies belonging to the group and considered as a whole.of the constancy of consolidation methods and evaluation and the principle of a going concern. Consolidation methods should be used for a long time, provided that the plant is operational, ie does not intend to discontinue its operations in the foreseeable future. Variations are permissible in exceptional cases, and they must be disclosed in the annexes...
