Consolidated financial statements

Ellen Haustein
Peter C. Lorson

This chapter introduces consolidated financial reporting in general and highlights public sector specifics. The aim is to provide insights for the reasons for consolidation, the peculiarities in the public sector and underlying theories of consolidation. The chapter shows organisational challenges for preparing consolidated financial statements and explains the differences between consolidated financial statements and whole of government accounts. The different types of influences and methods for consolidation are explained. A short overview about consolidated financial reporting of this book`s partner countries is presented.

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ISBN: 978-989-26-1856-2
eISBN: 978-989-26-1861-6
DOI: 10.14195/978-989-26-1861-6_12
Área: Ciências Sociais
Páginas: 307-334
Data: 2019

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Outros Capítulos (16)

Introduction
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_0

Approaches to public sector accounting and reporting in Europe
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_1

History of public sector accounting & alternatives
Andy Wynne
https://doi.org/10.14195/978-989-26-1861-6_2

Difference between private and public sector accounting
Andy Wynne
https://doi.org/10.14195/978-989-26-1861-6_3

Budgets and budgetary accounting
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-1861-6_4

Theoretical approaches to financial accounting purposes and principles
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-1861-6_5

Different perspectives in public sector accounting harmonisation: IFRS, GFS and IPSAS
Lisa Schmidthuber;Dennis Hilgers;Hannes Hofbauer
https://doi.org/10.14195/978-989-26-1861-6_6

IPSAS: history - spread - use
Lisa Schmidthuber;Dennis Hilgers
https://doi.org/10.14195/978-989-26-1861-6_7

IPSAS conceptual framework and views on selected national frameworks
Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_8

Reporting components and reliability issues
Susana Jorge
https://doi.org/10.14195/978-989-26-1861-6_9

Overview of IPSAS on public sector specific topics
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_10

IPSAS: case study
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-1861-6_11