consolidated accounts


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consolidated accounts

accounts used in relation to the activities of a group of companies to the effect that duplications in items are eliminated so that the combined figures do not show more assets and equity than actually exist.
References in periodicals archive ?
The Deputy Speaker, Honourable Lasun Yusuf, however, emphasised the need to understand the source of the fund, saying that there was a need to understand the Federation Account and Consolidated Account so that in near future there is no eyebrow on such approval.
The regulations that must be taken into account in complying concern are: the presentation of the consolidated accounts under a comparative form and the achievement of the correspondence between the information carried out by various documents.
Jeremy Peace has restructured the company so it's only necessary to file consolidated accounts and they give so litte information.
Although the Government has decided to give unlisted companies the option of whether to use these standards in their annual and consolidated accounts from 2005, it does not mean smaller firms can afford to ignore IAS, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
The partial hive-off of Consol will have an impact on the German group's consolidated accounts of reducing its balance-sheet debt figure by Euro 500 million, and its provisions by Euro 3.
It proposes to allow, rather than require, all firms to account for financial instruments at fair value, instead of the more traditional historical cost, in both their annual and consolidated accounts.
One example highlighting the importance of such an approach would be using consolidated accounts after the elimination of intercompany transactions as a common tax base.
In shareholder meetings, the only set of accounts of actual relevance and the subject of the debate are the consolidated accounts.
The company's consolidated accounts also increased 4% to $233.
Users may access all or part of a report, and reports more than 25 pages are accessible by specific sections according to subjects such as Letter of the Chairman, Financial Highlights, Consolidated Accounts, and more.
Accounting Standards Board, AASB 1024, Consolidated Accounts, paragraph 9, defines control as: "The capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in pursuing the objectives of the controlling entity.
2 billion, which will be added to its consolidated accounts as an exceptional profit for 1992.
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