Onishchenko V. Methodic and Organization of Consolidated Financial Statements

Urgent questions of consolidated financial statements drawing up and practical use for substantiation of management decisions are studied. Differences between consolidated and combined financial statement were precised. More qualify definition of consolidated financial statements as accounting-analytic category is proposed. The comparative analysis of existing methods of consolidation was realized. Forms of intragroup statements, matrixes of correspondence, work consolidated schedules for elimination of intragroup operations and control of equilibrium of consolidated adjustments were worked out. The method of distribution of intragroup profit between cost value of realization and assets was proposed. The technique of equity method is improved on a base of corrective accounting transaction use. The methodic of the proportionate consolidation of accounting of joint venture on the base of a particular partnership arrangement was developed. The methodic of the analysis of consolidated financial statementsis improved. The principle of "upstream prognostication" for prediction consolidated financial statements drawing up is proposed. Practical recommendations for consolidation on a base of computer-based technologies use are proposed.