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Consolidation requirement

Others 360 views 7 replies

A company holds 75 percent share of partnership firm. Is consolidation applicable in this case?

If consolidation is done and the same has to be attested under which category shall the same be done?

 

Replies (7)
Ok a company holds 75 percent share . max holding.
holding and subsidiary

No consolidation required as per AS due to cost constraints

Pls explain

Not me but you Mr @ Dhanya G

Wjo told cost is a concern
What is this???

Cost constraint refers to the constraint that the information to be reported when the benefits to be derived is greater than the cost incurred for reporting the particular information. If the reporting is too expensive then the information is not included in financial records.

New conceptual framework of indas. You must be having it in AS asceell


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