APPLICABILITY OF CONSOLIDATED TECHNIQUES IN THE VIEW OF ROMANIAN ACCOUNTING REGULATIONS

Authors

  • Cristina Rosu "Vasile Alecsandri" University of Bacau

DOI:

https://doi.org/10.29358/sceco.v0i0.342

Keywords:

group of companies, consolidation techniques, consolidated financial statements, consolidated balance sheet.

Abstract

The accounting regulations are more and more interested in groups of companies. In some cases, these regulations require for preparing the consolidated financial statements. This is the task of the parent company who keeps the consolidated accounts. To accomplish its goals, the consolidated accounting uses a couple of, so-called, consolidation techniques. These are applied in the case of groups of companies with a complex structure. Their goal is to elaborate the consolidated financial statements using a set of methods and empirical skills. In this article we synthetize and apply the consolidation techniques in the view of Romanian accounting regulations. The Romanian practice has revealed, especially, two techniques: one based on direct consolidation and another one based on multiple levels (phased consolidation). Therefore, this work regards only the technical side of consolidated accounting, accounting records being evaded. Furthermore, we focus only on the preparation of the consolidated balance sheet in the case of some hypothetical groups of companies.

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Published

30.06.2016

Issue

Section

Articles

How to Cite

Rosu, C. (2016). APPLICABILITY OF CONSOLIDATED TECHNIQUES IN THE VIEW OF ROMANIAN ACCOUNTING REGULATIONS. Studies and Scientific Researches. Economics Edition. https://doi.org/10.29358/sceco.v0i0.342