Group accounts - Revision history

imported>Doug Williamson: Layout.

2022-07-04T09:34:05Z

Layout.

← Older revision		Revision as of 09:34, 4 July 2022
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	=== Other ~~links =~~==		== Other resource==
	[[Media:Apr15TTqualifications45-47.pdf\| Purpose and process of consolidated group accounting. The Treasurer, April 2015.]]		[[Media:Apr15TTqualifications45-47.pdf\| Purpose and process of consolidated group accounting. The Treasurer, April 2015.]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Amend header.

2020-10-29T14:33:09Z

Amend header.

← Older revision		Revision as of 14:33, 29 October 2020
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	''Financial reporting''.		''Financial reporting - accounting practices''.

	Group accounts are an example of the 'substance over form' principle in financial reporting.		Group accounts are an example of the 'substance over form' principle in financial reporting.
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	* [[Balance sheet exposure]]		* [[Balance sheet exposure]]
	* [[Consolidated]]		* [[Consolidated]]
			* [[Consolidated group accounts]]
	* [[Consolidation]]		* [[Consolidation]]
	* [[Consolidation adjustments]]		* [[Consolidation adjustments]]

imported>Doug Williamson: Re-order links.

2019-01-17T17:01:51Z

Re-order links.

← Older revision		Revision as of 17:01, 17 January 2019
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	* [[Aggregation]]		* [[Aggregation]]
	* [[Balance sheet exposure]]		* [[Balance sheet exposure]]
			* [[Consolidated]]
	* [[Consolidation]]		* [[Consolidation]]
	* [[Consolidation adjustments]]		* [[Consolidation adjustments]]
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	* [[Group]]		* [[Group]]
	* [[Income statement exposure]]		* [[Income statement exposure]]
			* [[Legal implications of cash pooling structures]]
	* [[Merger reserve]]		* [[Merger reserve]]
	* [[Net assets]]		* [[Net assets]]
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	* [[Subsidiary]]		* [[Subsidiary]]
	* [[Substance over form]]		* [[Substance over form]]
	* [[Legal implications of cash pooling structures]]

imported>Doug Williamson: Add Other links header and rename linked article more expressly.

2015-05-09T09:00:11Z

Add Other links header and rename linked article more expressly.

← Older revision		Revision as of 09:00, 9 May 2015
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	#''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.		#''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.
	#''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.		#''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.



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	[[Media:Apr15TTqualifications45-47.pdf\| ~~All together now,~~ The Treasurer ~~student article~~]]		=== Other links ===
			[[Media:Apr15TTqualifications45-47.pdf\| Purpose and process of consolidated group accounting. The Treasurer, April 2015.]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Link to Treasurer article.

2015-05-08T09:22:35Z

Link to Treasurer article.

← Older revision		Revision as of 09:22, 8 May 2015
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	* [[Substance over form]]		* [[Substance over form]]
	* [[Legal implications of cash pooling structures]]		* [[Legal implications of cash pooling structures]]


			[[Media:Apr15TTqualifications45-47.pdf\| All together now, The Treasurer student article]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Linked to The Treasurers Handbook - Legal implications of cash pooling structures

2014-12-01T11:13:57Z

Linked to The Treasurers Handbook - Legal implications of cash pooling structures

← Older revision		Revision as of 11:13, 1 December 2014
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	* [[Subsidiary]]		* [[Subsidiary]]
	* [[Substance over form]]		* [[Substance over form]]
			* [[Legal implications of cash pooling structures]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Categorise the page, add rationale in a clearer way, simplify sentence construction in body of page.

2014-08-04T09:50:43Z

Categorise the page, add rationale in a clearer way, simplify sentence construction in body of page.

← Older revision		Revision as of 09:50, 4 August 2014
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	''Financial reporting''.		''Financial reporting''.

	~~Consolidated group~~ accounts ~~involve treating the net assets and activities of subsidiaries controlled indirectly by the holding (or parent) company as if they were part~~ of the ~~holding company’s own net assets and activities~~.		Group accounts are an example of the 'substance over form' principle in financial reporting.

	~~Appropriate proportionate interests in associated undertakings and joint ventures~~ are ~~also incorporated into the~~ group ~~accounts~~.		Some large businesses are organised as a single company. Other comparable businesses are structured as a group of companies, with a top holding company and other subsidiary companies.

	The ~~preparation~~ of consolidated group accounts involves two stages:		If group accounts were not prepared, it would be very difficult to make appropriate comparisons.

			The purpose of group accounts is to report the results and financial position of the businesses in a way that makes them readily comparable, even though they have different legal structures.


			Consolidated group accounts report the activities of subsidiaries controlled by the holding company as part of the group's total activities.

			They also treat the assets and liabilities of the subsidiaries as assets and liabilities of the group.


			Appropriate proportionate interests in associated undertakings and joint ventures are also incorporated into the consolidated group accounts.

			Preparing consolidated group accounts involves two stages:

	#''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.		#''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.
	#''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.		#''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.


			The holding company of a group of companies is also sometimes known as the 'parent' company.


			Businesses which are organised under a single company, rather than a group of companies, are sometimes known as 'divisionalised'.

			(Their business units being a number of divisions, rather than a number of different companies.)


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	* [[Parent company]]		* [[Parent company]]
	* [[Subsidiary]]		* [[Subsidiary]]
			* [[Substance over form]]

			[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Spacing and Wiki numbering 27/8/13

2013-08-27T11:31:08Z

Spacing and Wiki numbering 27/8/13

← Older revision		Revision as of 11:31, 27 August 2013
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	''Financial reporting''.		''Financial reporting''.
	Consolidated group accounts involve treating the net assets and activities of subsidiaries controlled indirectly by the holding (or parent) company as if they were part of the holding company’s own net assets and activities. Appropriate proportionate interests in associated undertakings and joint ventures are also incorporated into the group accounts.
			Consolidated group accounts involve treating the net assets and activities of subsidiaries controlled indirectly by the holding (or parent) company as if they were part of the holding company’s own net assets and activities.

			Appropriate proportionate interests in associated undertakings and joint ventures are also incorporated into the group accounts.

	The preparation of consolidated group accounts involves two stages:		The preparation of consolidated group accounts involves two stages:

	1. ''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.		#''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.
			#''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.

	~~2. ''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.~~

	== See also ==		== See also ==
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	* [[Parent company]]		* [[Parent company]]
	* [[Subsidiary]]		* [[Subsidiary]]

imported>Administrator: CSV import

2012-10-23T14:19:46Z

CSV import

New page

''Financial reporting''.
Consolidated group accounts involve treating the net assets and activities of subsidiaries controlled indirectly by the holding (or parent) company as if they were part of the holding company’s own net assets and activities. Appropriate proportionate interests in associated undertakings and joint ventures are also incorporated into the group accounts.

The preparation of consolidated group accounts involves two stages:

1. ''Aggregation'' to add up the individual assets and liabilities of all of the companies in the group.

2. ''Consolidation adjustments'' to remove, for example, intercompany trading and indebtedness from the consolidated figures for the group.

== See also ==
* [[Accounting exposure]]
* [[Accounting group]]
* [[Aggregation]]
* [[Balance sheet exposure]]
* [[Consolidation]]
* [[Consolidation adjustments]]
* [[Goodwill on consolidation]]
* [[Group]]
* [[Income statement exposure]]
* [[Merger reserve]]
* [[Net assets]]
* [[Parent company]]
* [[Subsidiary]]