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Consolidation of accounts

Saxena (Manager) (25 Points)

21 January 2014

Dear Learned Members

I have a query regarding the consolidation of Accounts and I will be very much thankful if you can guide me on this.We have our Holding Company in Hongkong and a subsidiary in Indonesia, we maintain different books of accounts under different currencies and as per the law of the land.Now we are under process of finalizing the accounts and the Holding company requires consolidate accounts. Please guide me as to how do we consolidate accounts with different currencies.Thanks

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2 Replies

CA CS Roshan Begrajka (Chartered Accountants) (267 Points)
Replied 21 January 2014

convert subsidiary co a/c in holding co base currency on the basis of applicable IFRS and then consolidate.

tarun (C.A.) (44 Points)
Replied 30 January 2014

Originally posted by : Saxena

Hey Saxena,

Please visit these website to know about consolidation of accounts. https://consoxle.tarunmasani.in or www.slideshare.net/consoxle

Still if are in need of more information you can even call me at +91 98985 22734 or mail me at tarun.masani @ gmail.com.

Dear Learned Members

I have a query regarding the consolidation of Accounts and I will be very much thankful if you can guide me on this.We have our Holding Company in Hongkong and a subsidiary in Indonesia, we maintain different books of accounts under different currencies and as per the law of the land.Now we are under process of finalizing the accounts and the Holding company requires consolidate accounts. Please guide me as to how do we consolidate accounts with different currencies.Thanks