The pooling of interests to end the pooling method in IFRS

Soonawalla, Kazbi; Ireland, Jennifer C.

doi:10.1504/ijaape.2010.031607

IJAAPE

2010

DOI: 10.1504/ijaape.2010.031607

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The pooling of interests to end the pooling method in IFRS

Kazbi Soonawalla

Jennifer C. Ireland

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2015

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Cited by 1 publication

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Consolidated Financial Statements

Brennan

2015

Wiley Encyclopedia of Management

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Financial statements of a parent or holding company and its subsidiaries are called consolidated financial statements . The monetary amounts in the underlying financial statements of the parent and its subsidiaries are amalgamated as if the group were a single entity. Group or consolidated financial statements may also include amounts for associates and joint ventures. Where subsidiaries are not wholly owned, the element not owned by the parent company is deducted in a one‐line adjustment called noncontrolling or minority interests. Four concepts of control are considered: legal, economic (entity), parent company, and proprietary concepts of control. Five methods of consolidation are discussed: the acquisition method, merger method, equity method, gross equity method, and proportionate consolidation. Simple illustrative examples are used to explain the mechanics of basic consolidation.

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Consolidated Financial Statements

Brennan

2015

Wiley Encyclopedia of Management

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The pooling of interests to end the pooling method in IFRS

Cited by 1 publication

References 27 publications

Consolidated Financial Statements

Consolidated Financial Statements

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