Consolidation

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Sanjeev Jha (Querist)
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15 June 2015 we have acquire a company on 24/03/2014.whether we have to consolidate whole year purchase ,sale, of Subsidiary company or only transaction of sale & purchase from the date of acquistion.

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15 June 2015 For FY 14-15, you will have to prepare consolidated financial statement which should include the subsidiary full financial statements. That means, you will have to include in consolidated financial statements, the items of Income, Expenditure, Assets and liabilities. You will have to give B/s, P&L, Cash flow separately for the company and B/s, PL & Cash flow on consolidated basis also..