Consolidation of financial statements and reporting New challenges

By:

CHAKRAPPANI, N

Material type:

Mixed materialsPublication details: 2014Description: 85-90Subject(s):

ACCOUNTING

NLM classification:

In: CHARTERED ACCOUNTANTMSummary: When a joint stock company acquires a majority of voting shares in another joint stock company, the investor-investee relationship becomes closely connectes and these two separate legal entities are viewed as a single entity with the investor company gaining contorl over the investee company. control is the power to govern the strategic operating, investing and financial policies of an entitiy so as to derive economic benefits from the activities of the investees.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		62/10	Available		P15384

When a joint stock company acquires a majority of voting shares in another joint stock company, the investor-investee relationship becomes closely connectes and these two separate legal entities are viewed as a single entity with the investor company gaining contorl over the investee company. control is the power to govern the strategic operating, investing and financial policies of an entitiy so as to derive economic benefits from the activities of the investees.

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