Consolidation methods

Ellen Haustein
Peter C. Lorson
Eugenio Anessi-Pessina

This chapter aims to illustrate consolidated financial reporting (CFR) under IPSAS. Public sector combinations according to IPSAS are introduced. The process of CFR is explained by illustrating full consolidation comprising the four consolidation procedures. The relevant steps are illustrated by short case examples. The application of the equity method is also presented and exemplified. This IPSAS-focused chapter informs about when consolidated financial statements (CFS) must be prepared, which entities must be included and by which methods, how to set up the accounting records for consolidation, and what consolidation procedures must be applied. Chapter 12 complements Chapter 11 in a special regulated (IPSAS) setting.

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ISBN: 978-989-26-2463-1
eISBN: 978-989-26-2464-8
DOI: 10.14195/978-989-26-2464-8_12
Área: Public Sector; Accounting; PSA; Fina
Páginas: 415-461
Data: 2023

Palavras-Chaves
Consolidation
consolidated financial reporting
consolidation methods
full consolidation
equity method
public sector combinations
goodwill

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Outros Capítulos (17)

Foreword
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-2464-8_0

Introduction
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-2464-8_0.1

Approaches to public sector accounting and reporting in Europe
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-2464-8_1

Specificities of Public Sector Accounting: Insights for governmental accounting from history and theory
Yuri Biondi
https://doi.org/10.14195/978-989-26-2464-8_2

Budgets a nd budgetary accounting
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-2464-8_3

Theoretical approaches to financial accounting purposes and principles
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-2464-8_4

Different Perspectives in Public Sector Accounting Harmonisation: IFRS, IPSAS and GFS
Giovanna Dabbicco
https://doi.org/10.14195/978-989-26-2464-8_5

IPSAS: History, spread and use
Caroline A. Pontoppidan
https://doi.org/10.14195/978-989-26-2464-8_6

The IPSASB’s conceptual framework and views on selected national frameworks
Susana Jorge;Josette Caruana
https://doi.org/10.14195/978-989-26-2464-8_7

Reporting components and reliability issues
Susana Jorge;Josette Caruana
https://doi.org/10.14195/978-989-26-2464-8_8

Overview of IPSAS on public sector specific topics
Ellen Haustein;Peter C. Lorson;Christophe Vanhee;Johan Christiaens
https://doi.org/10.14195/978-989-26-2464-8_9

IPSAS: case study
Ellen Haustein;Peter C. Lorson;Christophe Vanhee;Johan Christiaens
https://doi.org/10.14195/978-989-26-2464-8_10

Consolidated financial statements
Ellen Haustein;Peter C. Lorson;Eugenio Anessi-Pessina
https://doi.org/10.14195/978-989-26-2464-8_11