события блокады ленинграда в хронологическом порядке
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события блокады ленинграда в хронологическом порядке, U.S. GAAP Consolidation Rules: A Financial Reporting Guide, 18.6 Consolidation procedures - Viewpoint, A comprehensive guide Consolidation - EY, Chapter 5, PwC's Consolidation guide - Viewpoint, When Should a Nonprofit Consolidate Financial Statements with , Technical factsheet Consolidated financial statements.
If the consolidated financial statements include the financial information of a subsidiary as of a date that differs from the reporting entity, the consolidated reporting entity should recognize, by disclosure or adjustment, the effects of events at the subsidiary level that have occurred during the intervening lag period and are material to the consolidated balance sheets or income statements. Each case requires an evaluation of the facts and circumstances to determine whether such events should be addressed through disclosure, or whether an adjustment to the consolidated financial statements is appropriate. In practice, recognition of most intervening events, other than intercompany transactions requiring elimination in consolidation, is typically by disclosure only. When a consolidated subsidiary reports the results of its operations on a lag relative to its parent, the presentation of the subsidiary’s operations may appear unusual. These presentation issues may be more pronounced in the year a reporting entity acquires a subsidiary whose results of operations will be reported on a lag. We encourage disclosure when the financial statements of a recently-acquired subsidiary are presented on a lag, so users of the financial statements understand the impact of a newly-acquired subsidiary on the consolidated financial statements.See EM 4.4 for additional information on investee reporting on a lag.Example FSP 18-4 illustrates the initial consolidation of a subsidiary that reports its operations on a lag relative to its parent.EXAMPLE FSP 18-4Initial consolidation of a subsidiary that reports its operations on a lag relative to its parentFSP Corp acquires Sub Co on February 1, 20X8. Although FSP Corp and Sub Co both have fiscal years that end on December 31, FSP Corp will not be able to obtain quarterly financial results for Sub Co in time to report its results as part of its publicly-filed consolidated financial statements for the interim period ended March 31, 20X8. FSP Corp expects a similar delay in obtaining Sub Co’s results in all future periods.Therefore, FSP Corp adopts an accounting policy whereby the operations of Sub Co are consolidated on a one quarter (i.e., three month) lag and Sub Co’s operating results for the period from February 1, 20X8 (date of acquisition) through March 31, 20X8 are omitted from FSP Corp’s consolidated statement of operations for the quarter ended March 31, 20X8. These results will be included in FSP Corp’s consolidated statement of operations for the quarter ended June 30, 20X8. Should FSP Corp disclose the impact of its consolidation policy for Sub Co in its first quarter consolidated financial statements? If so, what specific information should be disclosed? AnalysisYes. FSP Corp should disclose its policy of reporting Sub Co’s results on a one quarter lag. It should also disclose the fact that Sub Co’s February and March 20X8 results of operations are excluded from FSP Corp’s consolidated results of operations. Additionally, FSP Corp should disclose the fact that the Sub Co balance sheet information included in FSP Corp’s consolidated balance sheet as of March 31, 20X8 is as of the acquisition date and, if applicable, whether such amounts are preliminary and subject to potential measurement period adjustments.FSP Corp should also disclose or adjust its consolidated operating results for any intervening events at Sub Co (between the acquisition date and March 31, 20X8) that materially impact FSP Corp’s consolidated financial position or results of operations. These same policy and related disclosures would also be included in FSP Corp’s annual financial statements., In consolidated financial statements, noncontrolling interests are presented as a separate component of equity on the balance sheet, distinct from the parent’s equity, ensuring transparency. In the income statement, net income is divided between the parent and noncontrolling interests, reflecting the earnings attributable to each., For purposes of presenting consolidated financial statements, the reporting entity should reflect its retained earnings balance, which includes its proportionate share of the retained earnings of the subsidiary accumulated after the date the reporting entity obtains a controlling financial interest in the subsidiary (e.g., the acquisition date), less any distributions made to the reporting .
To our clients and other friends This Financial reporting developments publication is designed to help you understand the financial reporting issues associated with applying the consolidation models and consolidation procedure., the undistributed earnings of the consolidated enterprise accruing to the shareholders of the parent company. • As with a single company, ending consolidated retained earnings is equal to the beginning consolidated retained earnings balance plus consolidated net income, less consolidated dividends. 5-17 Consolidated Retained Earnings, partners were able to remove the general partner by a simple majority vote. The use of securitizations, a process to bundle financial assets into securities, increased during the 1990s and 2000s, as did the use of highly-structured entities, commonly referred to as “special purpose entities,” which were not consolidated, What Factors Determine Whether a Nonprofit Must Consolidate Financial Statements? The terms of the relationship between a nonprofit and any related entities determine whether financial statements must be consolidated. Two main factors contribute to the determination: control and economic interest., The Companies Act 2006 provides an exemption from preparing consolidated financial statements for a small group. Medium-sized and large groups are required to prepare consolidated financial statements. It is therefore essential to determine the size of a parent and group correctly., .