Consolidation Exemptions under IFRS

Gluzová, Tereza

doi:10.1016/s2212-5671(15)00710-8

Cited by 3 publications

(2 citation statements)

References 6 publications

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“…A konszolidáció folyámátánák első lépése á vállálátcsoporton belüli kontroll meghátározásá, á befektető ányávállálátnák kell konszolidálniá válámennyi álárendelt, kontrollált egységet és áz egész csoportrá vonátkozóán úgy kell elkészítenie á pénzügyi kimutátásokát, minthá áz egyetlen gázdásági egységet jelentene. (Gluzová, 2015) A nemzetközi szábályozásbán á konszolidáláshoz elsősorbán áz IFRS 10 és áz IFRS 3 stándárd nyújt segítséget (társult vállálkozások esetében IAS28, közös szerveződések esetében IFRS 11, áhogy áz áz 1. ábrán látszik). Az IFRS-ek szerint készített konszolidált beszámolóval kapcsolatos fogalmi keretet az IFRS 10 -Consolidáted Finánciál Státements, Konszolidált pénzügyi kimutátások (továbbiákbán: IFRS 10) nevű stándárd hátározzá meg, ábbán áz esetben, há á konszolidált beszámolót készítő vállálkozás leányvállálátnák minősülő befektetésekkel rendelkezik.…”

Section: A Konszolidá Lt Beszá Molounclassified

A konszolidáció folyamata az IFRS konszolidált beszámolót készítő vállalkozások esetében

Dékán Tamásné Orbán

2019

IJEMS

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Section: A Konszolidá Lt Beszá Molounclassified

A konszolidáció folyamata az IFRS konszolidált beszámolót készítő vállalkozások esetében

Dékán Tamásné Orbán

2019

IJEMS

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“…These are consolidation adjustments in such a case, if the parent company loses control over the subsidiary, which may happen because of the liquidation of the subsidiary or also, for example, the sale of the share, or part of it, it is the so-called deconsolidation. [2] In practice, the statutory auditor often encounters the incompleteness or omission of deconsolidation. [11] Therefore, it is very important to verify this fact.…”

Section: Introductionmentioning

confidence: 99%

Specifics of Consolidation from the Point of View of the Statutory Auditor in the Event of Loss of Control

Užíková¹

2022

EDAMBA 2021 : COVID-19 Recovery: The Need for Speed : Conference Proceedings

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The loss of control of a parent company over the subsidiary is a very specific area of consolidation, which, however, must also be addressed by the statutory auditor. This is called deconsolidation. The aim of this paper is to analyze the process of deconsolidation and reflect it on two practical examples. We will first analyze the specifics of deconsolidation from the point of view of the statutory auditor and then reflect them on practical examples, dealing with two cases - the sale of a subsidiary, which at the time of sale has higher equity than at the time of acquisition and at the time of sale lower equity than at the time of acquisition of the share. We will show how to proceed in these cases, as we will be working with the data on the subsidiary as of the date when the parent company will no longer have control over the subsidiary. Based on the solution of examples, which will be reflected numerically and in tables that will show the individual data in the individual and consolidated financial statements, we will see how deconsolidation will affect the consolidated financial statements in individual cases.

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Goodwill measurement in consolidated financial statements

SEMENOVA

2024

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The largest business in terms of capitalization value, revenues and profits was formed as a result of a business combination. Consolidated financial statements are of undoubted value to users and stakeholders in assessing risks, prospects and analyzing the interaction of companies within the group. Special indicators of consolidated financial statements, such as goodwill, allow estimating the expected value of acquired companies in a business combination. However, the current methodology does not allow for the evaluation of all aspects of value that constitute goodwill. The aim of the article is to supplement the methods of goodwill valuation in business combinations for further substantiated disclosure in consolidated financial statements, in accordance with the interests and needs of investors and managers. The research methodology is based on a systematic approach, critical analysis, synthesis, induction and deduction, comparison, economic-mathematical methods of goodwill calculation, and generalization of principles of consolidated reporting. An analysis of key international standards allowed us to determine the peculiarities of applying the acquisition method for different types of business combinations. The share of ownership in an investee determines the nature of influence and the method of consolidation. Goodwill is the difference between the purchase price and the fair value of the net assets acquired in a business combination. When companies merge, goodwill reflects the intangible aspects of the business and the expected added value, which serves as the investment object. Therefore, methods for valuing goodwill during business combinations are identified to disclose in consolidated financial statements in accordance with IFRS. Additionally, a group of complementary goodwill valuation methods is systematized to determine and justify all aspects of forming the undisclosed added value of the investee company. The proposed methodology allows for considering the interests of various stakeholders in goodwill valuation. It is crucial to regard the goodwill disclosed in the financial statements as consent and willingness of the parent company to pay more, based on evidence and calculations obtained through a comprehensive goodwill valuation methodology. The proven hypothesis of the research suggests that for a justified valuation of goodwill during consolidation, it is necessary to supplement existing approaches and measure the value of brand, long-term stability, sustainable development, corporate social responsibility, and utilize artificial intelligence. Goodwill reflects strategic value but may also be subject to impairment if its value is not sufficiently supported by expected profits.

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Consolidation Exemptions under IFRS

Cited by 3 publications

References 6 publications

A konszolidáció folyamata az IFRS konszolidált beszámolót készítő vállalkozások esetében

A konszolidáció folyamata az IFRS konszolidált beszámolót készítő vállalkozások esetében

Specifics of Consolidation from the Point of View of the Statutory Auditor in the Event of Loss of Control

Goodwill measurement in consolidated financial statements

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