Basic consolidation steps and procedures
ID:CVBCP
Video Overview
The parent company and the subsidiary company each have their own set of financial statements. However, these separate financial statements need to be combined into one set of financial statements as the group of companies is seen as one entity. These combined financial statements are called consolidated financial statements or group accounts. IFRS10 sets out the basic procedures to be followed when preparing consolidated financial statements. In this tutorial we will discuss the basic consolidation steps and procedures when preparing the consolidated statement of financial position.
Member Area
UNREGISTERED? - CHOOSE A PLAYLIST TICKET
Please note
Internet access is required to view this product. You will be required to stream the online videos, which means you will incur data charges. Charges fluctuate depending on the length and complexity of the video.
These subscriptions will auto renew. E-mails will be sent to you 10 days before as a warning that it's about to auto renew. If you wish to cancel a subscription, you can visit 'Member Area - My Tickets and Subscriptions', where you can exercise the option to cancel.