45.Basic rules of consolidated financial statements.

Consolidated financial statements are compiled by organizations that include subsidiaries, and in addition to the main reporting for their organization, they present consolidated statements for all of their divisions as a whole.

List of submitted reports:

A unified accounting report, the data of which is compiled by arithmetic reduction of indicators of its own activities and the activities of branches;

- consolidated reporting of a group of interrelated organizations, including data on dependent companies.

Compilation of consolidated reporting is carried out in three stages:

1) determination of the date on which summary reporting is compiled;

reconciliation of mutual settlements between the parent and subsidiaries;

3) unification (consolidation) of indicators of a group of organizations.

Consolidated reporting is prepared in millions of rubles with one decimal place and is presented first of all to the founders of the parent organization, and then to all interested users in the manner prescribed by law.

The consolidated statements are signed by the director and chief accountant of the parent organization.

The principles for drawing up a consolidated balance sheet are as follows:

The main indicators are obtained by summing the line-by-line data of the parent organization and subsidiaries;

Do not include financial investments of the parent organization in the authorized capitals of subsidiaries, and vice versa;

Indicators characterizing receivables and payables between the parent organization and subsidiaries are excluded;

Include indicators of profit and loss from transactions between the parent and subsidiaries;

Do not include debts on dividends paid by subsidiaries to the parent or other divisions;

- do not include parts of the assets and liabilities of subsidiaries that are not related to the group’s activities.

The consolidated income statement does not include the following indicators: revenue from sales of products between the parent organization and subsidiaries; dividends paid by subsidiaries of the parent organization; any income and expenses arising from transactions between group entities; financial result of the activities of subsidiaries obtained from activities not related to the activities of the group of companies.

An explanatory note is provided for the consolidated balance sheet and consolidated profit and loss statement, disclosing the following data: a list of subsidiaries and dependent companies; place of state registration of the company or place of economic activity; share of participation of the parent organization in subsidiaries; share of voting shares owned by the parent organization; cost assessment of the impact on the financial position of the company of events related to the disposal and acquisition of subsidiaries.

Consolidated statements may not be prepared if they are compiled on the basis of International Financial Reporting Standards.

46. ​​Consolidated balance sheet.

Consolidated accounting balance is a system of indicators reflecting the property and financial position as of the reporting date of a group of interrelated organizations: the parent organization, subsidiaries and dependent companies.

Formation of consolidated balance sheet indicators

Step 1. Summation

Elimination of financial investments in subsidiaries and authorized capitals of subsidiaries

From the interim consolidated balance sheet of the group, items reflecting:

financial investments (investments) of the parent company in the authorized capitals of subsidiaries, recorded on line 140 “Long-term financial investments” of the balance sheet of the parent organization;

financial investments (investments) of the parent organization in the authorized capitals of subsidiaries, recorded on line 250 “Short-term financial investments” of the balance sheet of the parent company;

authorized capitals of subsidiaries in the part owned by the parent company, recorded on line 410 “Authorized capital” of the balance sheet.

Step 3. Elimination of receivables and payables

Excluded from the consolidated balance sheet are indicators reflecting accounts receivable and payable (including advances issued and received) between the parent and subsidiaries, as well as between subsidiaries.

Accounts receivable and payable between group members are eliminated if they are reflected in the balance sheets of group organizations along the lines of:

230 “Accounts receivable (payments for which are expected more than 12 months after the reporting date)” in terms of intragroup transactions, including advances;

240 “Accounts receivable (payments for which are expected within 12 months after the reporting date)” in terms of intragroup transactions, including advances;

510 “Loans and Credits” regarding intragroup loans received and subject to repayment more than 12 months after the reporting date;

610 “Loans and credits” regarding intragroup loans received and subject to repayment less than 12 months after the reporting date;

620 “Accounts payable” for intragroup transactions, including advances received.

Step 4. Elimination of dividends, profits (losses)

Step 5. Accounting for the business reputation of a subsidiary

Business reputation arises for companies privatized at an auction or competition, as well as for enterprises that consolidate the reporting of the parent organization and subsidiaries.

Step 6. Allocation of minority interest

The minority share in the capital of a subsidiary is determined by the formula:

DMK = KDO x DMUC / 100% (3)

where DMK is a minority share in the capital of a subsidiary, %;
KDO – capital of a subsidiary, the total of the “Capital and Reserves” section of the balance sheet, minus the amount in the line “Social Sphere Fund” and “Targeted Financing and Revenues”;
DMUK – share of other organizations in the authorized capital of a subsidiary, %.

In turn, the DMUK indicator is calculated using the following formula:

DMUK = 100% - UKGO / UKOBSHCH x 100% (4)

where UKGO is the par value of the shares of a subsidiary owned by the parent company;
UKOBSHCH - the par value of all shares of a subsidiary company, equal to the amount of the authorized capital reflected in article 410 of its balance sheet.

Step 7. Reclassification of balance sheet items

47. Consolidated income statement.

Formation of a consolidated profit and loss report

The consolidated profit and loss statement characterizes the financial results of the group's activities for the reporting period. These profit and loss statements are formed on an accrual basis from the beginning of the year until the reporting date according to the accounting data of the group organizations.

At the first stage, when forming a consolidated income statement, an intermediate income statement of the group is compiled (aggregated income statement). At the next stages, amendments to the interim report are calculated in order to formulate the financial result of the group for the reporting period from the point of view of a single economic entity.

Step 1. Row summation

The indicators of the articles of profit and loss of the parent and subsidiary companies are combined by line-by-line summation of the relevant data on financial results, income and expenses. This consolidation procedure applies to the main items of profit and loss and indicators included in the table “Decoding of individual profits and losses”.

The result of this stage is the intermediate aggregated GTC of the group.

Step 2. Calculation of the minority interest of the subsidiary

In the consolidated profit and loss statement of the group, the minority share indicator reflects the amount of the financial result of the subsidiary that does not belong to the parent company.

The minority share for compiling the consolidated profit and loss account balance is determined based on the amount of retained earnings (or uncovered loss) of the subsidiary for the reporting period and the percentage of voting shares not owned by the parent company in their total number 3:

DMPU = NPNU x DMUC /100%

where DMPU is a minority share of retained earnings or uncovered losses of a subsidiary for the reporting period;
NPNU - retained earnings (uncovered loss) of the reporting period of the subsidiary (Article 190 of the profit and loss report of the subsidiary);
DMUK – minority share in the authorized capital of a subsidiary, %.

The DMUK indicator is calculated for operating profit in the same way as for the balance sheet (formula 4).
In the consolidated profit and loss statement, the minority share indicator is shown as a separate line “Minority share”.

The parent organization acquired 60% of the voting shares in the authorized capital of the subsidiary.
To begin with, let's calculate the DMUC indicator - minority share in the authorized capital or voting shares: DMUC = 40% (100 - 60).
At the end of the reporting period, the subsidiary received a profit in the amount of RUB 95,000. (NPNU indicator). Using the data obtained, you can calculate the minority share in financial results.

DMPU = 95,000 x 40% / 100% = 38,000 rub.

Step 3. Elimination of intragroup transactions

After receiving the aggregated income statement, intragroup transactions are excluded from it.
According to the Methodological Recommendations, when compiling a consolidated profit and loss statement, the following operations are not included and excluded from it:

revenue from sales of products (goods, works, services) between parent and subsidiary companies, as well as between subsidiaries of the same parent company, and costs attributable to this sale;

dividends paid by subsidiaries of the parent company or other subsidiaries of the same parent company, as well as by the parent company to its subsidiaries. The consolidated profit and loss statement reflects only dividends received from organizations not included in the group;

any other income and expenses arising from transactions between the parent and subsidiaries, as well as between subsidiaries of the same parent organization.

48.Inclusion of minority interest in consolidated financial statements.

The consolidated financial statements should separately provide estimates reflecting minority interests in the event that the parent organization has more than 50% of the voting shares of the subsidiary. In the consolidated balance sheet, the minority interest indicator reflects the amount of the authorized capital of a subsidiary that does not belong to the parent organization. This share is determined based on the amount of capital of the subsidiary as of the reporting date and the percentage of voting shares not owned by the parent organization in their total quantities.

In the consolidated balance sheet, the indicator of the minority share is reflected in separate items following the results of the 3rd section, and the components of the group’s capital minus the minority share. Similarly, data on income and expenses is calculated to be combined into a consolidated income statement. The minority share in it is recorded on page 65 of Form No. 2. At the same time, income and expenses result in the emerging financial result of the group minus the minority share.

49. Merger and accession of business companies, their reflection in accounting and reporting.

The merger of business companies is carried out on the basis of a merger agreement concluded between the companies involved. It reflects the procedure for exchanging shares of merging entities for shares of the new emerging company. The merger of companies is possible by combining their capitals, consolidating their balance sheets and exchanging shares issued before the merger.

The consolidated balance sheet of the business entities involved in the merger is formed line by line, with the exception of the balance on mutual settlement accounts. The merger of joint stock and other companies occurs voluntarily, as a pooling of interests. Merged companies using the pooled property method follow the following procedure:

1. The basis for the consolidated balance sheet is the value of property and liabilities, while the price of the company is not formed or taken into account as part of intangible assets.

2. The consolidated statements include the results of economic activities, as well as the assets and liabilities of the merged companies on the principle of a continuing operating company. The merger of business companies can also occur on a different basis:

As a result of the purchase of shares giving the right to a qualified majority of votes. If a company has a 75% stake in another company, it has the right to make a decision on joining its company at a meeting of shareholders. The method of accounting for the purchase of an affiliation assumes that all the property of the acquired company, as well as its liabilities that can be revalued, are re-determined at their value in current prices on the date of acquisition. After revaluation, the excess of the purchase price over the net value of the property is reflected in the composition of low-value assets, as the price of the company. Alternatively, you can not take the company’s price into account, but adjust the price by the amount of shareholders’ equity participation in the NETO assets of the company.

50.The influence of inflation on financial statements.

In accordance with international standards, organizations operating in conditions of inflation must adjust their financial statements to reflect changes in the purchasing power of money. Without adjustment for inflation, financial statements can be misleading due to high or extremely high profits and low organizational value. Inflation makes it impossible to compare financial statements for different periods. Also, there are no correct guidelines in managing equity capital and current profit.

In international practice, control over changes in prices for goods is carried out using price indices (individual and general (aggregate). To account for and characterize inflation rates, it is the aggregate price index that is used. However, information about inflation in the Russian Federation is very contradictory, and information about individual indices There are no prices at all for a specific group of goods.

However, it is necessary to thoroughly study how inflation affects the accounting data and the interests of the business entity.

Firstly, in conditions of inflation, the valuation of fixed assets is significantly distorted downwards, the economic potential is reduced, since the write-off of raw materials and supplies at low purchase prices, as well as small depreciation charges lead to the formation of inflationary excess profits and thereby to the payment of increased taxes. It is also difficult to accumulate the necessary financial resources to implement long-term, resource-intensive projects.

Secondly, during a period of inflation, it is advisable for an organization to have some economically justified excess of accounts payable over accounts receivable. Having free funds, the organization incurs indirect losses, since the purchasing power of money decreases, and receives indirect income from repaying accounts payable, since the debt is repaid with “cheaper” money, indirect income is obtained, the amount of which depends on the method of accounting for the influence of inflation.

In international practice, the following approaches to accounting and analyzing the impact of inflation are distinguished:

The first approach is based on re-evaluating only the reporting, the second - on re-evaluating each fact of economic activity, that is, current accounting data.

The method of revaluation of statements based on fluctuations in exchange rates involves revaluation of values ​​based on changes in the rate of a falling currency relative to another, more stable one at the date of reporting. This method is used in the Russian Federation when concluding contracts in conventional units, as well as when preparing reports on the foreign economic activities of an organization. This method can be used everywhere if the purchasing power of the base currency exactly matches the floating currency. In practice, this is almost impossible due to the regulation of exchange rates by the state.

The most widely used method is the revaluation of reporting based on price indices for commodity mass. This method is reflected in International Standard (IASC) No. 15 “Information characterizing the impact of price changes” in the form of two concepts:

It involves recalculating the assets and liabilities of the balance sheet using a general price index with the attribution of the resulting indirect income (loss) due to inflation to the item “Retained earnings”;

It assumes that assets should be reflected in reporting at their current market value, which can be determined by possible sale prices or by current costs, that is, by purchase prices. Indirect income (loss) due to inflation is equal to the difference between the recalculated asset and liability and is included in the item “Retained earnings”.

In practice, a mixed approach has emerged, the essence of which is to recalculate assets according to individual price indices and balance sheet liabilities according to a general price index.

The choice of the optimal methodology for Russia depends on many factors. In particular, on the possibility of using various accounting methods, on the availability and reliability of information on price changes for certain types of products (goods, works, services), on the level and qualifications of accountants. Currently, due to the lack of regulatory regulation for the formation of financial statements in conditions of inflation, it is advisable for organizations to adhere to certain rules when planning their activities: do not keep available funds in a current account, but invest them either in real estate or in business development; whenever possible, apply a mechanism for accelerated depreciation of fixed assets; choose the LIFO method when writing off inventories; give preference to projects with a short implementation period; reduce loans and credits to counterparties.

51.Methods of taking into account the inflation factor.

The most common methods that allow, to a certain extent, to eliminate the influence of the inflation factor on accounting and reporting indicators are:
1) periodic revaluation of assets according to established indices or current market prices;
2) preparation of financial statements in hard currency;
3) adjustment for changes in the purchasing power of money, that is, taking into account changes in the general price level or, as they say, “the constant purchasing power of the currency”;
4)accounting for current costs of acquiring assets (see diagram).
Accounting methods for inflation
Periodic revaluation
Conversion into hard currency
Adjustment for the constant purchasing power of money
Current cost accounting
Each of the inflation accounting methods has advantages over others and disadvantages that you need to know in order to consciously apply certain methods in the accounting of specific organizations. There are no methods that are completely applicable to all financial reporting indicators; each of them can be rejected for one reason or another. But inflation is an existing factor: depreciation of money is observed in all developed countries. The differences are in the rate of inflation, and therefore in different countries preference is given to different methods of accounting for the inflation factor.

52.Procedures necessary for preparing financial statements in accordance with IFRS.

It is necessary to divide all costs incurred by the enterprise into production and periodically, while enterprises are recommended to open sub-accounts in order to follow the IFRS classification, without changing the existing Russian accounting rules. When conducting an inventory, it is necessary to identify those valuables that are completely damaged or partially obsolete, or for which sales prices have decreased. If the standard is inadequate, it should be revised and the deviations should be attributed to the stock; in any other case, the deviation should be written off to the profit and loss accounts. Due to the existing differences between IFRS and Russian accounting in terms of assessing work in progress of finished products, it is necessary to redistribute part of the overhead costs to include them in work in progress. To recalculate work in progress, you need to do the following: the balance of work in progress must include part of the costs reflected as indirect costs. At different stages of work in progress, the product is at different levels of readiness, therefore not all processing costs, i.e. Overheads are consumed in the production process. Typically, work in progress includes only a portion of such expenses.

The company determines the moments at which it makes such expenses depending on the production technology. Process maps used at Russian enterprises make it possible to establish the degree of consumption of processing costs, which must be used to justify calculations. As products move through various stages of the manufacturing process, the value of work in process increases. In order to ensure comparability of the value of work in progress for the purpose of its inclusion in the cost of goods sold, all work in progress is recalculated using equivalent units. An equivalent unit is an artificial unit of measurement that allows you to convert incomplete. production by a unit of finished product equivalent in terms of the amount of consumed processing costs. With this method of recalculating work in progress, it is compared with the actual results of the calculation in accordance with the rules of Russian accounting and the discrepancy that arises is corrected. For the purposes of IFRS, it is necessary to reflect sales expenses as costs of the accounting period, without their distribution between departments or units of work in progress production of finished goods.

Sources of funds for the organization. By data accounting (financial) reporting surplus or deficiency is established... 1973 by professional accounting organizations created a Council By international standards financial reporting(IASB). ...

Accounting statements must include performance indicators of branches, representative offices and other structural units, including those allocated to separate balance sheets.

The forms of financial statements of organizations, as well as instructions on the procedure for filling them out, are approved by the Ministry of Finance of the Russian Federation.

An organization may provide additional information accompanying financial statements if the executive body considers it useful for interested users when making economic decisions. It reveals the dynamics of the most important economic and financial indicators of the organization’s activities over a number of years; planned development of the organization; expected capital and long-term financial investments; policy regarding borrowings, risk management; activities of the organization in the field of research and development work; environmental protection measures; other information.

Additional information, if necessary, can be presented in the form of analytical tables, graphs and diagrams.

When drawing up a balance sheet, profit and loss statement and explanations thereto, the organization must adhere to its accepted content and form, which are accepted by it, consistently from one reporting period to another. The reporting period is understood as the period for which the organization must prepare financial statements.

An organization must prepare financial statements based on synthetic and analytical accounting data for the month, quarter and year, unless otherwise established by the legislation of the Russian Federation (monthly and quarterly financial statements are interim and are compiled on an accrual basis from the beginning of the reporting year).

Data on numerical reporting indicators are provided for at least two years - the reporting year and the one preceding the reporting year (except for the report compiled for the first reporting year) in comparable conditions (if the data for the period preceding the reporting year are not comparable with the data for the reporting period, then the first of them are subject to adjustment, which must be disclosed in the explanatory note along with an indication of its reason).

To prepare financial statements reporting date, that is, the date as of which reporting should be prepared is considered the last calendar day of the reporting period.

When preparing financial statements for the reporting year, the reporting year is the calendar year from January 1 to December 31 inclusive.

The first reporting year for newly created organizations is considered to be the period from the date of their state registration to December 31 of the corresponding year, and for organizations created after October 1 - to December 31 of the following year.

Each component part of the financial statements must contain the following data: name of the component part; indication of the reporting date or reporting period for which the financial statements were prepared; name of the organization indicating its organizational and legal form; format for presenting numerical indicators of financial statements.

Accounting statements must be prepared in Russian in the currency of the Russian Federation and signed by the head and chief accountant (accountant) of the organization.

Consolidated reporting should show, first of all, investors and other interested parties the results of the financial and economic activities of a group of interconnected enterprises, legally independent, but in fact being a single economic organism.

The main feature of the preparation of consolidated reports is the elimination (i.e. exclusion) of transactions between companies included in the group in order to eliminate repeated accounting in the final (consolidated) report of the group.

The main area of ​​application of the group's consolidated statements is the quotation of the group's shares on the stock market.

The rules and procedure for compiling consolidated reporting by groups of interrelated organizations in Russia are regulated by the following regulatory documents:

The procedure for maintaining summary (consolidated) accounting, reporting and balance sheet of a financial and industrial group, approved. Decree of the Government of Russia dated 01/09/97 N 24.

The listed documents contain basic information about the procedure for drawing up a consolidated report, but do not reflect many aspects of this process. Therefore, it is necessary to take into account the experience accumulated in this area abroad.

The financial statements of a subsidiary are combined into consolidated financial statements if the parent organization:

has the ability to determine decisions made by the subsidiary in accordance with the agreement concluded between them or by other means.

Data on dependent companies are included in the consolidated financial statements if the parent organization has more than 20% of voting shares (shares in the authorized capital) of the company (clause 1.4 of the Methodological Recommendations for the preparation and presentation of consolidated financial statements).

The following are used to prepare the consolidated financial statements of the group: rules, set out in the Methodological Recommendations for the preparation and presentation of consolidated financial statements:

1. The accounting statements of the parent organization and subsidiaries are combined by line-by-line summation of the relevant data (clause 3.2).

2. The consolidated financial statements do not include (clause 3.6):

Financial investments of the parent organization in the authorized capitals of subsidiaries and, accordingly, the authorized capitals of subsidiaries in the part owned by the parent organization;

Indicators reflecting accounts receivable and payable between the parent organization and subsidiaries, as well as between subsidiaries;

Dividends paid by subsidiaries of the parent organization or other subsidiaries of the same parent organization, as well as by the parent organization to its subsidiaries. The consolidated financial statements reflect only dividends payable to organizations and persons outside the group;

Revenue from the sale of products (goods, works, services) between the parent organization and subsidiaries, as well as between subsidiaries of the same parent organization and the costs attributable to this sale; any other income, expenses, profits and losses arising from transactions between the parent organization and subsidiaries, as well as between subsidiaries of the same parent organization.

3. In the event that the amount of financial investments of the parent organization does not coincide with the value of shares (shares in the authorized capital) shown in the balance sheet of the subsidiary, a positive or negative difference arises, which is reflected in the consolidated balance sheet as a separate item “Business reputation of subsidiaries” (clause 3.7).

4. When combining the financial statements of the parent organization and the financial statements of a subsidiary in which the parent organization has more than 50 but less than 100% of the voting shares (authorized capital), the consolidated balance sheet and consolidated profit and loss statement separate out the calculated indicators reflecting minority share in the authorized capital and financial results of the company (clause 3.9).

Determine the basic rule for drawing up summary (consolidated) reporting

• 1. Completeness requirement- all assets and liabilities, income and expenses of the parent organization and subsidiaries are combined into the consolidated financial statements, except for cases not provided for in the Methodological Recommendations.
• 2. Requirement for uniformity of methods and assessment of reporting items- a unified accounting policy is used in relation to similar items of property and liabilities, income and expenses of the financial statements of the parent organization and subsidiaries. If some elements of the accounting policies of a subsidiary differ in any way, they must be recalculated in accordance with the accounting policies of the parent organization.
• 3. The requirement for a single reporting date and a single reporting period - consolidated financial statements combine the financial statements of the parent organization and subsidiaries, compiled for the same reporting period and as of the same reporting date. The consolidated financial statements may include data from the financial statements of a subsidiary compiled as of a different reporting date, provided that the discrepancy between the reporting date of the consolidated financial statements and the financial statements of the subsidiary does not exceed three months.
• 4. Requirement for a single reporting currency- for inclusion in the consolidated financial statements, the indicators of the financial statements of a subsidiary compiled in foreign currency are recalculated into the currency of the Russian Federation - rubles. Exchange differences are reflected in additional capital.

• 1. The financial statements of the parent organization and subsidiaries are combined by line-by-line summation of the relevant data according to the rules established by these recommendations.
• 2. The consolidated balance sheet does not include:
  • - financial investments of the parent organization in the authorized capitals of subsidiaries and, accordingly, the authorized capitals of subsidiaries in the part owned by the parent organization;
  • - indicators reflecting accounts receivable between the parent organization and subsidiaries, as well as between subsidiaries;
  • - dividends paid by subsidiaries of the parent organization or other subsidiaries of the same parent organization, as well as by the parent organization to its subsidiaries. The consolidated financial statements reflect only dividends payable to organizations and persons outside the group;
  • - revenue from the sale of products (goods, works, services) between the parent organization and subsidiaries, as well as between subsidiaries of the same parent organization and costs attributable to the sale;
  • - any other income, expenses, profits and losses arising from transactions between the parent organization and subsidiaries, as well as between subsidiaries of the same parent organization.
• 3. In the event that the amount of financial investments of the parent organization does not coincide with the value of shares (shares in the authorized capital) shown in the balance sheet of the subsidiary, a positive or negative difference arises, which is reflected in the consolidated balance sheet as a separate item “Business reputation of subsidiaries” .

So, the main features of the preparation of consolidated financial statements by a group of interrelated organizations are the following:

• - consolidated financial statements are prepared for a group of interrelated organizations that are under the direct or indirect control of the parent organization;
• - consolidated reporting of the group characterizes the property and financial position of the group as a single economic whole. In this regard, a feature of the methodology for drawing up a single consolidated report, along with the summation of indicators, is the exclusion of indicators for intra-group settlements, as well as the exclusion of intra-group sales and profits from transactions between group organizations;
• - in the consolidated statements of a group consisting of a parent organization and subsidiaries, the share of the assets and capital of the group that does not belong to the parent organization is highlighted, i.e. share of minority shareholders of the group;
• - the main area of ​​application of the group’s consolidated reporting is the adjustment of the group’s shares on the stock market;
• - consolidated reporting data cannot be used for tax purposes.

Consolidated financial statements are prepared according to forms developed by the organization itself based on standard forms. The parent organization adheres to the accepted form of the consolidated balance sheet and profit and loss account and explanations thereof from one reporting period to another. Consolidated annual financial statements are prepared in millions and billions of rubles. It is submitted by the parent organization no later than June 30 of the following reporting year, unless otherwise established by the legislation of the country and the constituent documents of the organization. Consolidated financial statements are signed by the head and chief accountant of the organization and presented to the founder of the parent organization and other interested users, if provided for by the legislation of the Russian Federation

Basic rules for consolidated financial statements

Organizations that have subsidiaries and dependent companies, in addition to their own financial statements, draw up consolidated financial statements, including indicators of the reports of such companies located on the territory of the Russian Federation and abroad, in the manner established by the Ministry of Finance of the Russian Federation.

Consolidated financial statements are a system of indicators reflecting the financial position as of the reporting date and financial results for the reporting period of a group of related organizations.

Consolidated annual financial statements for joint-stock companies (partnerships), part of the shares (shares, deposits) of which are assigned to federal ownership (regardless of the size of the share), are submitted to the Ministry of Finance of the Russian Federation, the Ministry of Economy of Russia, the State Committee of Russia on Statistics no later than August 1 of the following reporting year .

Consolidated financial statements combine the financial statements of the parent organization and its subsidiaries, and also include data on dependent companies. In relation to subsidiaries, the parent organization acts as the main company (partnership), in relation to dependent companies - as the predominant (participating) company.

Consolidated financial statements combine the financial statements of subsidiaries and include data on dependent companies that are legal entities under the laws of the place of their state registration.

The scope and procedure, including deadlines, for submitting the financial statements of subsidiaries and affiliates of the parent organization (including additional information necessary for the preparation of consolidated financial statements) is established by the parent organization.

The financial statements of the parent organization and subsidiaries are combined into consolidated financial statements by line-by-line summation of the relevant data according to the rules established by the Methodological Recommendations for the Preparation and Presentation of Consolidated Financial Statements, approved by order of the Ministry of Finance of the Russian Federation.

When preparing consolidated financial statements, a unified accounting policy is used in relation to similar items of property and liabilities, income and expenses of the financial statements of the parent organization and subsidiaries.

Consolidated financial statements combine the financial statements of the parent organization and subsidiaries, compiled for the same reporting period and on the same reporting date. The parent organization adheres to the accepted form of the consolidated balance sheet, consolidated income statement and explanations thereof from one reporting period to another. Changes in selected forms of these documents are disclosed in the notes to the consolidated balance sheet and consolidated income statement, indicating the reasons for this change.

Changes in accounting policies that significantly affect the assessment and decision-making of interested users of information on reportable segments (definition of reportable segments, methods of distribution of income, expenses between reportable segments, etc.), as well as the reasons for these changes and assessment of their consequences in monetary terms are subject to separate disclosure in consolidated financial statements.

Compliance with the above and other rules for the preparation of consolidated statements requires the development by the parent organization of uniform forms of accounting statements for the organizations included in the group, i.e., sample forms of summary (consolidated) accounting statements for this parent organization and its divisions.

The reliability of the preparation and compliance with the procedure for submitting consolidated financial statements is ensured by the head of the parent organization. Consolidated financial statements are signed by the head and chief accountant of the organization.

An organization that has subsidiaries and dependent companies, in addition to its own financial statements, prepares consolidated financial statements, including indicators of the reports of such companies.

Consolidated financial statements are a system of indicators reflecting the financial position as of the reporting date and financial results for the reporting period of a group of interrelated organizations: the parent organization and its subsidiaries, as well as dependent companies.

In relation to subsidiaries, the parent organization acts as the main company (partnership), in relation to dependent companies - as an owning (participating) company.

Consolidated financial statements combine the financial statements of subsidiaries and include data on dependent companies that are legal entities under the laws of the place of its state registration.

The financial statements of a subsidiary are included in the consolidated financial statements in the following cases:

The parent organization has the opportunity to determine decisions made by the subsidiary in accordance with the agreement concluded between the parent organization and the subsidiary;

If the parent organization has other ways of determining decisions made by the subsidiary.

Data on dependent companies are included in the consolidated financial statements if the parent organization has more than 20% of the voting shares of a joint stock company or more than 20% of the authorized capital of a limited liability company.

Before drawing up consolidated financial statements, all mutual offsets and other financial relationships between the parent organization and subsidiaries, as well as between subsidiaries, are reconciled and regulated.

The parent organization, which has subsidiaries and dependent companies, prepares consolidated financial statements by combining the indicators of the financial statements of the parent organization and the financial statements of subsidiaries and including data on participation in dependent companies. Indicators of the financial statements of a subsidiary (dependent) company are included in the consolidated financial statements from the first day of the month following the month in which the parent organization acquired the corresponding number of shares, a share in the authorized capital of the subsidiary (dependent) company, or the emergence of another opportunity to determine decisions made by the subsidiary.

Consolidated financial statements are prepared and presented in Russian in thousands and millions of rubles with one decimal place.

More on topic 15.4. Consolidated financial statements and rules for their preparation:

1. 9.3. Procedure and deadlines for submitting financial statements
2. 66. The role of financial statements in organizing the finances of enterprises
3. 15.2. The composition of financial statements and the procedure for their preparation
4. 15.4. Consolidated financial statements and rules for their preparation
5. Rules for combining financial reporting indicators of the parent organization and subsidiaries into consolidated financial statements