Nobody downloaded yet

Consolidation - Research Paper Example

Comments (0) Cite this document
The paper recognizes a growing problem resulting from regulatory bodies using guidelines that differ from international standards, therefore introducing challenges that companies using…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Read TextPreview

Extract of sample "Consolidation"

Download file to see previous pages Throughout the article, KWG, or the German Banking Act, which has detailed regulations on how consolidation accounting for financial institutions should be carried out is used to demonstrate these regulatory discrepancies with regard to the IFRS (International Financial Reporting Standards) (Xuccess Reply, 2012). The article goes on to recommend that extensive changes in the way procedures are implemented and data processing is carried out when it comes to consolidation accounting be implemented in order to overcome some of these challenges. Getting rid of these challenges, the article proposes, will result in better conversion of consolidation accounting processes.
The chief issue being discussed in the article is how discrepancies in accounting for consolidations in relation IFRS (International Financial Reporting Standards) poses challenges that require considerable changes in how procedures and technical data processing takes place. German Banking Act (KWG) is used to demonstrate how these differences pose numerous challenges.
KWG and IFRS differ in how they view consolidation groups. Some companies that are part of the regulatory consolidation group under KWG regulations do not qualify as consolidation groups under IFRS regulations. This presents challenges since deconsolidation as well as other changes are necessary to reconcile the regulatory provisions of one body with the other (Xuccess Reply, 2012).
KWG refers to a subsidiary in the context of consolidation accounting as a company that presents the possibility of being controlled by the parent company through majority voting rights, executive control, and so forth. These conditions are also subsumed under the IFRSs definition of a subsidiary company (Xuccess Reply, 2012). However, the concept of control under IFRS regulations distinctively says that the parent company has to have ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Consolidation Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from
(Consolidation Research Paper Example | Topics and Well Written Essays - 750 Words)
“Consolidation Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Working memory and consolidation

...?Working memory and consolidation: Introduction: The ability to retain and use information in the mind to bring it into use later for either verbal or nonverbal tasks like talking or understanding and arguing or processing is largely associated with the system of working memory. This whole phenomenon of retaining the received information to do verbal and nonverbal tasks is universally considered to be so important that the query why we forget usually forms a core part of any memory theory. This is actually a theoretical concept associated with both psychology and neuroscience. Forgetting heavily interferes with the tasks of the working memory system which is why so much research is done on this particular subject. It could be due... of the...
2 Pages(500 words)Research Proposal

Consolidation of Financial Statements

...?Consolidation of Financial ments Introduction The acquisition method is predominantly applied to consolidation of financial ment from 2009. Prior to that Purchase Method of consolidation was in vogue. Pooling of interest method was adopted for consolidation prior to 2002. This paper seeks to analyze how the acquisition method compares with the earlier two methods in consolidation of financial statements, its impact on financial statement reporting quality, potential Impact on decision making and International implications of consolidation of financial statements. The paper also discussed the differences between the standards of IFRS and...
5 Pages(1250 words)Research Paper

Debt Consolidation

...Debt Consolidation Debt consolidation is a process that involves taking of a loan to settle many other loans. The primary reason for doing this is to acquire a single loan with a lower interest rate which is normally at a fixed rate, instead of paying higher interest payments to a number of lenders. This is also done sometimes simply for the convenience of having just a single lender to deal with. This technique could involve the transferring of liability of a number of different unsecured loans into one unsecured loan, or it could involve the transferring of the liability of the unsecured loan into a secured loan by pledging an asset as collateral ('Debt Consolidation,' par.2). An...
4 Pages(1000 words)Essay


...ANSWERS: The purpose of preparing consoli d financial ments is to present watered down financial ment. watered down means that the inter -company sales are eliminated. Also, inter-company profits on inventory end are eliminated. Inter -company purchases are eliminated. Likewise, inter -company receivables and payables are also eliminated. Here, the investment in subsidiary with its corresponding share capital, retained earnings and other stockholders' equity accounts of the acquired company, like Robin, are eliminated. The preparation of the consolidated financial statements DOES NOT involve any adjustments to the financial statements of either the parent or the subsidiary companies. In this case, the parent is Batman...
3 Pages(750 words)Case Study

Soil Consolidation during Construction

...SOIL CONSOLIDATION DURING CONSTRUCTION With the progress of man's demand for modernisation, different types of infrastructure have been continually conceptualised, most of which now serve as tangible necessities for man's daily life. Indeed, through the test of time, a building's aesthetics and purpose occupy the largest criteria in the field of landscape construction. However, there is one major factor which is often overlooked by other people. This is the mechanics of the soil on which the construction will take place. Soil consolidation, which is a major concern for all landscape artists, have significantly become an important field in construction. Generally, any undrained loading or unloading will...
5 Pages(1250 words)Essay

Media Consolidation

...360 Deals Mergers and Consolidations The 360 Record deal There are new contracts on the horizon for record companies and artists. The last few years have created much turmoil between record companies and artists as record company revenue continues to decrease. Over the last few years, record company sales have decreased as a result of piracy and downloading from the internet. The rise of the digital age has changed how everyone makes a living in this industry so there is a lot of shuffling around trying to find a method of agreement. Recording artists income have increased in the live performance arena so the recording companies are searching for a way to keep up. This paper will discuss the 360 deal and what it means to...
6 Pages(1500 words)Essay

Server consolidation please its growing list of customers in the region. In order to do so, alpha decided to revamp its information technology (IT) infrastructure to support an ambitious program of new development. The company’s overall plan was to consolidate its core banking system, implement automatic deposits and withdrawals nationwide, and provide expanded banking services to its customers through the deployment of new e-business applications. One of the first such applications was an e-banking system providing easy-to-use, 24x7 financial services to its customers via the Internet. This, along with other new e-business initiatives that would follow, needed the support of a highly reliable, available and scalable...
4 Pages(1000 words)Essay

Regarding Consolidation

...Consolidation Introduction: The Hard Side of Change Management by Sirkin et al, and Evaluating and Managing Change for Optimal Performance by Haddad can be studied to focus on how they relate to Kotter’s seventh point of change management, which is consolidation of gains. Consolidation: Sirkin et al presented through their studies the fact that there is a need for bringing change within an organization depending on the needs of the company. For this purpose there is a need to remove such individuals or such measures that are unable to provide the company with adequate success. The authors have focused on the performance, duration, management and commitment needed for a company’s success...
1 Pages(250 words)Essay

Memory Consolidation

...Annotated Bibliography: Memory Consolidation Ricker, T. J., & Cowan, N. . Differences Between Presentation Methods in Working Memory Procedures: A Matter of Working Memory Consolidation. Journal of ExperimentalPsychology: Learning, Memory, and Cognition, 40(2), 417- 428. Timothy and Nelson delve into convolutions of how much the duration of retention and the presentation method of memory items and the difference it causes on the rate of forgetting. They perform a series of various experiments to determine the effect on duration of retention by both random and sequential presentation on various participants. In the first experiment, hey were expected to remember some characters on standard CRT monitors and...
1 Pages(250 words)Annotated Bibliography

The process of consolidation

...The process of consolidation Introduction Consolidation refers to the process of the gradual reduction in volume as the result of applying a load on a fully saturated soil. The reduction in volume occurs due to the load effect causing drainage of pore water. The process of consolidation continues to the point when the excess pore pressure result from the increase in total stress completely goes diminished. The hydrostatic pressure therein becomes gradually dissipated thereby shifting the load to the soil solid thereby triggering decrease in volume of the soil mass. It is worth noting that the rate at which water escapes is dependent on the permeability of the soil in question. In which...
4 Pages(1000 words)Lab Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Consolidation for FREE!

Contact Us