+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forum-accounting-and-audit)
+--- Thread: Consolidate Financial Statement (/thread-consolidate-financial-statement)
Consolidate Financial Statement - shakilicma76 - 12-24-2009
Which item be eliminated while making consolidating the financial statement?
- tariqab - 12-30-2009
Dear
Following items will be eliminated for consolidation purpose.
Balance sheet net-off enteries
>Investments/ Capital
>Trade Receivables /Trade Payables (mean inter-co balances)b/t subsidies and parent.
> other receivable and payables (like fund transfer)
Balance sheet unrealised profit eliminations
> Inventories
> PPE
> Construction-in-progress
Income Statement net-off entries
> Sales / COS
> Other income /Admin expenses,other expenses.
> Dividend income /distribution
> Minority interest adjustment
Regards
- awaisaftab - 12-31-2009
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by shakilicma76</i>
<br />Which item be eliminated while making consolidating the financial statement?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Shakeel see the following link
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=6621