Consolidation of financial statements and reporting
CHAKRAPPANI, N
Consolidation of financial statements and reporting New challenges - 2014 - 85-90
When a joint stock company acquires a majority of voting shares in another joint stock company, the investor-investee relationship becomes closely connectes and these two separate legal entities are viewed as a single entity with the investor company gaining contorl over the investee company. control is the power to govern the strategic operating, investing and financial policies of an entitiy so as to derive economic benefits from the activities of the investees.
ACCOUNTING
657
Consolidation of financial statements and reporting New challenges - 2014 - 85-90
When a joint stock company acquires a majority of voting shares in another joint stock company, the investor-investee relationship becomes closely connectes and these two separate legal entities are viewed as a single entity with the investor company gaining contorl over the investee company. control is the power to govern the strategic operating, investing and financial policies of an entitiy so as to derive economic benefits from the activities of the investees.
ACCOUNTING
657