Minority Interest was classified as a liability based on the Accounting Principles for Consolidated Financial Statements
in June 1975 until its treatment was amended in 1997 when Minority Interest were excluded from Liabilities but not included among Capital.
472(e) and (g), if a subsidiary uses the LIFO method, the parent must use LIFO for reporting the subsidiary's inventory in its consolidated financial statements
issued to shareholders.
Bank is required to submit quarterly and annual consolidated financial statements
for the conglomerate and for any consolidated group within the conglomerate (considering financial companies as one group and insurance companies as another) and reports on consolidated shareholders' equity, capital requirements, consolidated limits, investments, and reinsurance operations.
Just as it took 30 years for the AICPA to issue the first standards for consolidated financial statements
, 30 more years have passed with only one follow-up on the subject: an FASB amendment that replaced ARB 51's permitted exclusion of nonhomogeneous subsidiaries from consolidation with a requirement that all majority-owned subsidiaries be consolidated even if they are foreign or have dissimilar operations or a sizable minority interest.
Fiscal year ending March 31, 2017: Consolidated financial results, Consolidated financial statements
, and Annual securities report (IFRS)
He adds, "This is conceptually correct because the consolidated financial statements
include all resources and operations controlled by the group.
Third Annual and Consolidated Financial Statements
and Management Report of Mark-E Aktiengesellschaft
Chapin, chief accountant of the General Accounting Office and a member of the IFAC public sector committee, told the Journal that setting a standard for consolidated financial statements
for governments was a serious problem that is not easily resolved.
HAMILTON, Bermuda -- Scottish Re Group Limited (Pink Sheets:SKRRF) ("Scottish Re" or the "Company"), announced today that it has posted to its website its consolidated financial statements
as of December 31, 2009 and 2008.
The BAR also includes the unaudited consolidated financial statements
of SSL as at September 30, 2012 and for the nine month periods ended September 30, 2012 and 2011, the audited consolidated financial statements
of SSL as at and for the year ended December 31, 2011, and the unaudited consolidated financial statements
of SSL as at December 31, 2010 and for the year ended December 31, 2010, prepared in accordance with U.
For example, (see exhibit 3, letter C), the German audit opinion on single-entity or consolidated financial statements
confirms that the accounting and financial statements comply with the German legal provisions and GAAP, and that the statements give a true and fair view of the company's or group's assets, liabilities, financial position and profit or loss.
the "Company") announced today that on June 18, 2009, it was advised by Ernst & Young, its independent registered public accounting firm, that the audit opinion dated March 24, 2009 on the Company's December 31, 2008 consolidated financial statements
could no longer be relied upon.