THE CONCEPTUAL FOUNDATIONS REGARDING THE PREPARATION AND PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS
THE CONCEPTUAL FOUNDATIONS REGARDING THE PREPARATION AND PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

Summary/Abstract: The consolidated financial statements aim at the financial statement presentation and the results of a group of companies as if these formed only one company, made up of different departments, divisions or branches. Amid the general regulations, in practice, the presentation of the content of the consolidated accounts may be accomplished either by a synthesized and concentrated manner or by a very analytical one. The recognition of the informative role of the consolidation does not allow its minimization to a simple enhancement of the annual accounts of the dominant company. The group of companies, by means of its consolidated synthesis documents, must provide the accounting information corresponding, from all points of view, to its qualitative characteristics.

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