consolidation of accounts

This query is : Resolved 

12 October 2010 hello expert,
1)what is "consolidation of accounts"?
2)How is it done - i mean what does an accounts manager do while consolidating the accounts?

regards,
kirti.

12 October 2010 For consolidation of Holding & subsidiary accounts, you need to refer AS-21

13 October 2010 Is understanding of AS 21 alone sufficient to handle consolidation practically ?

17 October 2010 yes,Consolidation of Holding & subsidiry companies completely deals with AS-21


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