Reconciliation

Recognition and measurement of investments in subsdiaries (and associates and joint ventures) in separate financial statements of parent: acquisition method, fair value, equity method explained and illusatrated by examples

As a group’s CFO or head accountant, who has to deal with consolidation, you know that the walls of the consolidation house are mainly built from intra-group reconciliations. Differences in balances lead to a wonky roof! And what a nightmare it is to solve those errors when a reporting date is twinkling in your calendar…