INFLUENCES OF NEW IFRS ON CONSOLIDATED FINANCIAL REPORTING

Abstract

The main aim of this study is to make a brief incursion into national and international legislation, correlated with the specialized literature on the advantages, disadvantages and obstacles faced by the process of elaboration of the consolidated financial statements. At the same time, through the specialty literature we want to investigate whether the reporting practices and accounting policies of the companies changed in response to IFRS 10. The topic is of importance and usefulness not only for the companies obliged to elaborate consolidated financial statements, but for all the parties involved in the process of communication with such a company.