Study On The Consolidated Financial Statement

Since the 20th century, with the accelerated process of worldwide enterprise groups and the increasing demand of financial information , how to reflect the whole picture of the problem through a single individual corporate financial statements really and comprehensively ,become an international accounting session to explore in-depth study of the important issues.Consolidated financial statement is considered as one of the difficult problems internationally. Because it not only is a complicated accounting operability problem, but also is a controversial topic that contains many theory schools. In recent years, China's accounting session has introduced a large number method of foreign consolidated financial statements and started relevant theories and practice actively. China's Ministry of Finance issued "Accounting Standard for Business Enterprises" on February 2006 and ordained the implementation in the listed companies on January 1, 2007. New accounting standards make reference to the useful experience of international accounting standards on the basis of the comprehensive study of China's national conditions, summing up the pros and cons of the consolidated accounting statements provisions and complying with the international trend of convergence. In view of the promulgation of the new accounting standards, this paper researched and discussed the basic theories of the consolidated financial statements by using standardized research methods, including consolidation scope,combined method, combination theory and the various internal transactions offset processing, as well as suggestions for improvement based on the existing problems.