IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2015i1p8-13.html
   My bibliography  Save this article

Genesis and Development of Consolidated Financial Statements

Author

Listed:
  • Kostyantyn Bezverkhiy

    (Kyiv National University of Technologies and Design, Kyiv, Ukraine)

Abstract

In the context of economy globalization it is the mission of consolidated financial statements to meet demands of users for financial information about activities of a company group as one company. The article is devoted to study of genesis and development of consolidated financial statements of companies. Historical prerequisites of genesis of consolidated financial statements are shown as well as factors which conduced to their spreading. The approaches are elucidated to preparation of consolidated financial statements in various countries. It is found out that one of the main issues in forming of consolidated group is determination of control rate. In this connection influence of control is studied on consolidation method of company statements. The factors are identified which conduced to development of consolidated financial statements. To author's opinion, availability of big private business, developed financial market and different information demands broadens the range of users of company consolidated financial statements, which determines the need to improve organizational and methodological grounds for preparation of such statements.

Suggested Citation

  • Kostyantyn Bezverkhiy, 2015. "Genesis and Development of Consolidated Financial Statements," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 8-13, March.
    • Handle: RePEc:iaf:journl:y:2015:i:1:p:8-13
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/240-viniknennya-i-rozvitok-konsolidovanoi-finansovoi-zvitnosti.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/240/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    consolidated financial statements; consolidation; genesis; holding companies; corporation;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2015:i:1:p:8-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.