Consolidation of financial statements: stages of the consolidation process. Consolidation methods.
The increasing internationalization and globalization of business and economic relations at national and supranational level has resulted in the increase of alliances and mergers, with the consequent creation of groups of companies. The proliferation of business groups requires professionals to assess, record, prepare and communicate accounting information group. Currently it is essential to know the applicable regulations to allow from preparing consolidated accounting information of individual companies financial statements. The development of the accounting profession needs training in methodology, phases and techniques to apply appropriate accounting methods to the consolidation of financial statements and business combinations.