How to interpret the consolidated financial statements
Consolidated financial statements are one of the most complex documents to analyze as a place of aggregation of several individual financial statements. But why our legislative system has deemed it appropriate introduce legislation binding on the consolidation of group financial statements? Why is it not enough to simply "add up" all the financial statements of the subsidiaries and the parent company? The reasons lie in the fact that business groups are characterized by the risk of duplication of economic and equity values which can distort the view on the real health of a group.
What are these duplications? How does the consolidation process manage to “deflate” them? In this webinar you will find the answers to these and other questions.
Ivan LEAF - Executive Partner inFinance
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