If you own a controlling stake in another business, accounting rules demand that you combine the financial statements of the parent and subsidiaries into one set of financial statements for the entire ...

Consolidated accounting is used to group the financial information of a parent company and one or more subsidiary companies. A parent company owns the majority of voting shares of a subsidiary company ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve targeted areas of consolidation guidance for ...

[SINGAPORE] The impending new financial reporting standard (FRS) on consolidation, FRS 110, claimed its first victim recently, when United Overseas Bank (UOB) took steps at the end of last month to ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As this wave of consolidation sweeps through the industry, it has become even more crucial ...

The Financial Accounting Standards Board released an accounting standards update Wednesday for the consolidation of variable interest entities, aiming to reduce the cost and complexity of accounting ...

FASB on Thursday proposed an Accounting Standards Update (ASU) designed to simplify and improve financial reporting associated with consolidation of variable-interest entities (VIEs). Consolidation ...