WHAT IS THE DIFFERENCE BETWEEN COMBINING VS. CONSOLIDATING FINANCIAL STATEMENTS?
For investors, a company’s financial statements offers insight into the health of the company. Dep...
PROBLEMS IN THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
We have examined the general principles associated with the practice of consolidating the financial ...
CONSOLIDATION AND REPORTING CAN BE EASY WITH CONSOXLE™
In all my years in accounting, by far the most difficult part of the month or quarter or year-end cl...
THE CONTROL CONCEPT IN IFRS 10 – TEN THINGS INVESTMENT MANAGERS NEED TO KNOW
The change to the definition of control in IFRS 10, Consolidated Financial Statements[“IFRS 10...
GAIN OR LOSS ON SALE
At the July 2012 Interpretations Committee meeting, some amendments to IAS 28 Investments in Asso...
A COMPARATIVE STUDY OF AS AND IND-AS CONSOLIDATION OF FINANCIAL STATEMENT
Issue As per Ind-AS As per Existing AS Consolidation Consolidation has to be done by every company h...
INTRODUCTION OF IFRS 10, CONSOLIDATED FINANCIAL STATEMENTS
On 12 May 2011 the IASB issued IFRS 10 Consolidated Financial Statements. IFRS 10 establishes princi...
WHY ISAB ISSUED IFRS 10
A single consolidation model: IFRS 10 introduces a consolidation model that builds upon the requirem...
ARE THERE NEW CONSOLIDATION REQUIREMENTS UNDER IFRS 10 ??
Some may be concerned that IFRS 10 introduces new concepts and consolidation requirements when compa...