Consolidation adjustments

From ACT Wiki
Revision as of 14:28, 29 October 2020 by imported>Doug Williamson (Amend header.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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.

See also