Research On Consolidation Scope And Its Implementation Status

Consolidated financial statements can represent comprehensively the financial position, financial performance and cash flows for an enterprise group.Nevertheless,it is the critical factor for a group to determine the reasonable scope of consolidated financial statements so as to show truly and completely an overall financial picture of an enterprise group.As the issue of consolidated financial statements is becoming complicated and varied, the determination on consolidation scope of consolidated financial statements will turn on the economic development and occurrence of newer problems, and constant supplement and revision will be required. Therefore, the research on the consolidation scope of consolidated financial statements is theoretical and realistic.In this dissertation we discuss the scope of consolidated financial statements from two aspects.On the one hand, combed the domestic and foreign criteria of the scope of consolidated financial statements systematically and compared the basis of determining the scope of merger—control. On the other hand, based on the relevant regulations in and its Application Guide(hereinafter:CAS33),The authors did some statistical analysis about the consolidation scope on the 2007,2008 and 2009 annual reports of all listed companies in Shanghai Stock Exchange. Then raise some questions for implementation status of CAS33 and give some proposal. Finally this dissertation proposes specific solutions on how to solve the existing problems in the CAS33. Through the research and analysis on the scope of consolidated financial statements, we expect the theory of consolidated financial statements for further improvement and development, to promote the quality of consolidated statements of accounting information and to strengthen supervision for further improvement of CAS33 in listed companies, so that it can provide high quality consolidated accounting information for the capital market.The academic contributions of this dissertation are described as follows:Firstly, this dissertation uses descriptive statistics to investigate the accounting practice of listed companies when determining the consolidated scope. Secondly, this dissertation puts forward some suggestions for improvement about the scope of consolidated financial statements.