Saturday, 7 January 2012

Principles of Consolidation - Extract from The Coca Cola Company (F10K)

As I am studying FRA now a days and going through Reading 22 and 23. In the previous related post I had shared the snapshot of consolidated income statement. Above is the snapshot of Principle of Consolidation taken from foot notes. Variable Interest Entities (VIEs) are discussed in a sub LOS in Reading 22 in detail. How the accounting treatment is done is also highlighted. I believe it is an amazing way to revise while going through financial statements of companies of such scale.

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