consolidation

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kunal (Querist)
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05 June 2010 hey frnds..
i want detail explanation on consolidation of accounts when accounting year of both the company is different.. subsidary company is foreign company.. can anybody tell me the site or provide me any word file which gives idea of different issues regarding this...
thanks...

Rasesh

Rasesh (Expert)
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06 June 2010 In most caess, accounts of subsidiary upto the period of the holding company are prepared and certified by the management for consolidation purpose.

However, some companies consolidate the audited accounts even though the accounting periods are different.

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