02-23-2009, 09:07 PM
Awais,
The point clarified by me was not about who has to issue the consolidated financial statements and who does not.
Rather I was discussing
- how to treat investments in associates in separate financial statements if some company also issues consolidated financial statements,; and
- how to treat investments in associates in separate financial statements if a company is not obliged to issue consolidated financial statements.
The issue is not of consolidation, rather it is of equity method accounting.
Regards,
KAMRAN.
The point clarified by me was not about who has to issue the consolidated financial statements and who does not.
Rather I was discussing
- how to treat investments in associates in separate financial statements if some company also issues consolidated financial statements,; and
- how to treat investments in associates in separate financial statements if a company is not obliged to issue consolidated financial statements.
The issue is not of consolidation, rather it is of equity method accounting.
Regards,
KAMRAN.