When dealing with a continued consolidation, there are several issues to consider. The first issue is dealing

Question:

When dealing with a continued consolidation, there are several issues to consider. The first issue is dealing with the concept of reciprocity. Please consider the following questions:
Does the same team of accountants create the traditional that do the consolidation?
When the consolidation adjustments are made where are the adjustments recorded?
Who keeps track of these adjustments?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...