Consolidation: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Correct typo.) |
imported>Doug Williamson (Add business consolidation.) |
||
| Line 1: | Line 1: | ||
1. | 1. ''Financial accounting.'' | ||
''Financial accounting.'' | |||
The process of combining financial information about two or more related entities for presentation in a single set of consolidated financial statements. | The process of combining financial information about two or more related entities for presentation in a single set of consolidated financial statements. | ||
2. | 2. ''Law.'' | ||
''Law.'' | |||
The process of combining two or more Acts of Parliament into a single Act. | The process of combining two or more Acts of Parliament into a single Act. | ||
| Line 14: | Line 10: | ||
3. | 3. | ||
Combining two or more businesses into a single one. | |||
For example, by merger or acquisition. | |||
Usually with the aim of realising economies of scale or other benefits. | |||
4. | |||
More generally, the process of combining two or more things into a single thing, and of making appropriate related changes. | More generally, the process of combining two or more things into a single thing, and of making appropriate related changes. | ||
| Line 19: | Line 24: | ||
== See also == | == See also == | ||
* [[Acquisition]] | |||
* [[Acquisition accounting]] | * [[Acquisition accounting]] | ||
* [[Cash pool]] | * [[Cash pool]] | ||
* [[Codification]] | * [[Codification]] | ||
* [[Consolidator]] | |||
* [[Data exchange]] | * [[Data exchange]] | ||
* [[Economies of scale]] | |||
* [[Equity accounting]] | * [[Equity accounting]] | ||
* [[Equity method]] | * [[Equity method]] | ||
* [[Group accounts]] | * [[Group accounts]] | ||
* [[IFRS 10]] | * [[IFRS 10]] | ||
* [[Merger]] | |||
* [[Proportionate consolidation]] | * [[Proportionate consolidation]] | ||
* [[Royal assent]] | * [[Royal assent]] | ||
* [[Statute]] | * [[Statute]] | ||
Revision as of 22:23, 17 February 2019
1. Financial accounting.
The process of combining financial information about two or more related entities for presentation in a single set of consolidated financial statements.
2. Law.
The process of combining two or more Acts of Parliament into a single Act.
3.
Combining two or more businesses into a single one.
For example, by merger or acquisition.
Usually with the aim of realising economies of scale or other benefits.
4.
More generally, the process of combining two or more things into a single thing, and of making appropriate related changes.
See also
- Acquisition
- Acquisition accounting
- Cash pool
- Codification
- Consolidator
- Data exchange
- Economies of scale
- Equity accounting
- Equity method
- Group accounts
- IFRS 10
- Merger
- Proportionate consolidation
- Royal assent
- Statute
