Problemele actuale și tehnica stabilirii și derulării procedurilor procesului de consolidare

Abstract

The article focuses on research, which is carried out through a study on the establishment of current problems and the technique of determining and carrying out the procedures of the consolidation process.The research aims to identify the basic steps related to the prior restatement of accounting information and the impact of such restatements of information of individual financial statements of the entities – the affiliated companies, which are included in the scope of consolidation, on the way of carrying out and establishing the working procedures on the process of consolidation of financial statements of a group of entities. The study uses scientific research methods, such as: study and analysis of the characteristic aspects of determining and carrying out the procedures of the consolidation process, synthesis of information, comparison to identify the impact on the process of consolidation of economic indicators at the level of the group of entities, deduction and analysis when determining the problems of carrying out the consolidation process and the inductive method to identify solutions. The results of the research identified the impact that globalisation and foreign investment have on the need for consolidated accounts and the preparation of consolidated financial statements. CZU: 657.375.6:657.411.45(478); JEL: M40, M41; DOI: https://doi.org/10.53486/isca2024.15