Consolidating accounts examples

By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

Primarily, these reports provide detailed information about the chart of accounts mapping, consolidation of account balances and budget data.Consolidation is based on the concept of 'control' and changes in ownership interests while control is maintained are accounted for as transactions between owners as owners in equity.IAS 27 was reissued in January 2008 and applies to annual periods beginning on or after 1 July 2009, and is superseded by IAS 27 Separate Financial Statements and IFRS 10 Consolidated Financial Statements with effect from annual periods beginning on or after 1 January 2013.Imagine how much more money you could be making if you rolled your accounts into one place.Having all of your super in one fund means you’re able to maximise growth and may pay less in administration fees.