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Map of a land consolidation process, with each color representing the holdings of different cultivators before (above image) and after (below image) the process. Land consolidation is a planned readjustment and rearrangement of fragmented land parcels and their ownership. It is usually applied to form larger and more rational land holdings.
The Financial Accounting Standards Board (FASB), which promulgates accounting standards in the United States, also revised its consolidation rules in response to the 2007–2008 financial crisis, although its revised guidance is not identical to IFRS 10, 11 and 12. [1] However, IFRS 11 is very close to the FASB guidance for joint ventures. [1]
In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting , consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements .
A consolidated financial statement (CFS) is the "financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International ...
Intercompany accounting is the accounting process when transactions occur between two business entities with common ownership. Companies with common ownership include parent companies and subsidiary companies. Intercompany transactions arise when business transactions occur between entities that are not independent since control of both is held ...
The results were dramatic: the value of recorded output from the small-holdings rose from £5.2 million in 1955 to £14 million in 1964, coffee accounting for 55 percent of the increase. [ 4 ] Moreover, the plan also sought to consolidate scattered landholdings in Central Province so that land ownership could be concentrated in the hands of a ...
Accounting disclosure is less useful information, many numbers are disclosed grouped, rather than separately for each business. The complexity of a conglomerate's accounts makes it harder for managers, investors, and regulators to analyze and makes it easier for management to hide issues.
Unlike the land reforms carried out in the socialist countries of the Eastern Bloc, including East Germany, the idea of Flurbereinigung was not so much to distribute large quasi-feudal holdings to the formerly landless rural workers and/or to kolkhoz-style cooperatives, but rather to correct the situation where after centuries of equal division ...