Case Study Of ABC Group Enterprise Consolidated Financial Statement Compilation

With the continuous improvement of the degree of economic integration in the world,the wave of mergers and acquisitions in the world is becoming more and more intense,which poses a great challenge to the accounting of mergers and acquisitions in contemporary enterprises.An efficient financial system is needed to provide real and reliable financial information and reflect the financial situation,operating results and cash of the entire enterprise group in an all-round way.Traffic to meet the needs of all stakeholders.At present,many enterprise groups in the preparation of consolidated financial statements,there are many irregularities and inadequacies,some are unreal assets and liabilities,some are false increase or reduce profits;in addition,the merger of enterprise mergers and investment liquidation and other special business can not start.How to make the consolidated financial statements not only reflect the financial situation and operating performance of the enterprise group,but also reduce the cost of preparation is an important issue in accounting practice.Many domestic scholars pay more attention to the consolidation theory and scope of consolidated financial statements,but few scholars pay attention to the impact of accounting norms and annotations on consolidated financial statements.so it is necessary to study how to improve the decision-making usefulness of consolidated financial statements.Firstly,this paper introduces the three theories of consolidated financial statements,and compares the information requirements of each theory.Secondly,with the method of case study,starting from the case of consolidated financial statements of ABC large state-owned enterprise groups,this paper analyzes the definition of the scope of consolidation of ABC enterprise groups,the determination of the proportion of cross-shareholding consolidation.and the compilation method of consolidated financial statements,so that readers have a deep understanding of the compilation method of consolidated financial statements.Combining with the requirements of the SASAC for the central enterprises,this paper mainly analyzes the merger and treatment of ABC enterprise group in special business such as asset reorganization and investment cleaning,hoping to provide reference for the central enterprises with similar business.Finally,the paper analyzes the causes of the problems existing in the compilation of consolidated financial statements of ABC enterprise group.and puts forward some suggestions for improvement.In the case study of consolidated financial statements compilation of ABC enterprise groups,it is found that part of the problems are due to the lack of practical operability of the standards or the need for improvement of the standards,so the prospect is put forward from the perspective of improving the standards,in order to improve the usefulness of decision-making of consolidated financial statements,and at the same time to improve the compilation of consolidated financial statements.Provide valuable reference:First,in the calculation of cross-shareholding merger ratio,because the criteria for direct and indirect ownership of the invested units are not stipulated,the use of the addition or multiplication principle will produce different results,the proposed criteria for the calculation of cross-shareholding merger ratio to make provisions in order to facilitate Operation in practice.Secondly,due to the limitations of consolidated financial statements,transactions between parent-subsidiary companies and subsidiary companies are offset at the level of consolidated financial statements.The consolidated financial statements can not reflect the transactions within the enterprise,and the potential risks or factual risks in the single-household financial statements are concealed at the level of consolidation.In the disclosure of consolidated financial statements,the disclosure of high-risk business such as guarantees within the consolidated scope,borrowing funds and large amounts of receivables that are not expected to be recovered should be added.