Search results
Results from the WOW.Com Content Network
Learn about the definition, types, motivation, and accounting treatment of business consolidation or amalgamation, the merger and acquisition of many smaller companies into a few larger ones. Find out the difference between statutory merger, consolidation, and stock acquisition, and the FASB 141 disclosure requirements.
A consolidated financial statement is a financial statement of a group of companies that presents their assets, liabilities, equity, income, expenses and cash flows as if they were one entity. Learn how to prepare a consolidated statement, what is goodwill and non-controlling interest, and how to deal with intra-group trading.
A financial statement is a formal record of the financial activities and position of a business, person, or other entity. It typically includes four basic statements, a management discussion and analysis, and follows certain standards and regulations.
Tax consolidation is a regime that treats a group of related entities as a single taxpayer. Learn how it works in the US, Australia, France and other countries, and what are the advantages and disadvantages for taxpayers and governments.
Learn about the three IFRS standards that provide accounting guidance on consolidation and joint ventures, issued in 2011 and effective in 2013. Find out how they were developed in response to the financial crisis and how they differ from US GAAP.
In my opinion, except for the effects of the matters described in the Basis for Qualified Opinion paragraphs above: the financial statements give a true and fair view of the state of the affairs of the Whole of Government as at 31 March 2010 and of its net deficit, changes in taxpayers' equity and cash flows for the year then ended; and the ...
A statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in shareholders' equity for a company or statement of changes in taxpayers' equity [1] for government financial statements is one of the four basic financial statements.
The IASC was founded in 1973 and dissolved in 2001, developing a set of International Accounting Standards (IAS) that were later adopted as International Financial Reporting Standards (IFRS). The IASC was an initiative of national accountancy bodies from various countries, and its membership expanded over time to include some non-auditor organizations.