Consolidation adjustments: Difference between revisions
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'' | ''Financial reporting - accounting practices.'' | ||
One of the key stages in the preparation of consolidated group accounts, the other key stage preceding it being ''aggregation''. | One of the key stages in the preparation of consolidated group accounts, the other key stage preceding it being ''aggregation''. | ||
Aggregation is the adding up of the individual assets, liabilities and trading of each of the entities in the group. | Aggregation is the adding up of the individual assets, liabilities and trading of each of the entities in the group. | ||
Consolidation adjustments then remove non-external amounts - such as intercompany trading and indebtedness - from the consolidated group figures. | Consolidation adjustments then remove non-external amounts - such as intercompany trading and indebtedness - from the consolidated group figures. | ||
== See also == | == See also == | ||
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* [[Group accounts]] | * [[Group accounts]] | ||
* [[Internal trading]] | * [[Internal trading]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 14:28, 29 October 2020
Financial reporting - accounting practices.
One of the key stages in the preparation of consolidated group accounts, the other key stage preceding it being aggregation.
Aggregation is the adding up of the individual assets, liabilities and trading of each of the entities in the group. Consolidation adjustments then remove non-external amounts - such as intercompany trading and indebtedness - from the consolidated group figures.
