Th e article gives the classifi cation of organizations, which prepare consolidated fi nancial statements in the Russian Federation in accordance with the legal system and constituent documents and initiative. Th e author considers the requirements of legal and government regulations for the preparation procedure, audit, extension, publishing and keeping of the consolidated fi nancial statements by these organizations.
The article discusses the recognition and disclosure of corporate pension plans of groups in a separate and consolidated financial statement in accordance with IFRS. The procedure of consolidation of the private pension funds, established by group and running its pension plans has been reviewed and recommendations has been suggested. The effect of incorporation of pension funds on the consolidated financial statements of the group has been revealed.
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