Page 3 - PowerPoint Presentation

CONSOLIDATIONS AFTER THE DATE OF ACQUISITION

Introduction

• In principle the consolidated statements of a group

are nothing more than the combined statements of

all the companies in the group.

• However, certain adjustments need to be made

before we can speak of consolidated statements.

• The principles, procedures and the adjustments

that are needed to prepare and present the

consolidated financial statements for a group of

companies will be discussed in this learning unit.

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