Exposure draft 30: consolidated financial statements and accounting for investments in subsidiaries

Article Abstract:

Exposure draft 30, issued by the International Accounting Standards Committee, concerns financial statements for a group of businesses under the aegis of one parent organization. The statements show financial position, results of operations, and changes in financial positions. They also account for investments in subsidiaries by the parent organization in separate statements. The draft discusses: the need for consolidated financial statements; exclusions from consolidation; consolidation procedures; accounting for investments in subsidiaries excluded from consolidation; accounting for investments in subsidiaries in a parent's separate financial statements; disclosure; and consolidated financial statements.

Finance, Corporations, Corporate finance, Financial statements

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Proposed statement of standard accounting practice - exposure draft 50: consolidated accounts (issued June 1990)

Article Abstract:

The UK Accounting Standards Committee's Proposed Statement of Standard Accounting Practice - Exposure Draft 50: Consolidated Accounts (issued June 1990), is presented. The exposure draft (ED) of the proposed standard concerns the accounting of consolidated accounts for subsidiary corporations. Issues covered by the ED include control, voting rights, and the basis of consolidation.

Accounting Standards Committee

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International Accounting Standard - IAS 27: consolidated financial statements and accounting for investments in subsidiaries

Article Abstract:

The International Accounting Standard number 27 addresses accounting practices for consolidated financial statements and for investments in subsidiaries. The needs, scope, and method of consolidated financial statements are discussed. Other topics reviewed include parents' accounting for subsidiary investments in separate financial statements, and related issues of disclosure.

Consolidated financial statements

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