Tag Archives | Holding Companies

Holding Companies: Problems and Solutions | Accounting

Here is a compilation of top nine problems on holding companies with its relevant solutions. Problem 1 (Wholly Owned Subsidiary): Note: Investment which is made by the Holding Company in the form of shares of subsidiary company is replaced by the subsidiary company's assets and liabilities. Problem 2 (Goodwill): The following are the Balance Sheet of H and S as [...]

By |2017-02-06T20:58:57+00:00February 6, 2017|Holding Companies|Comments Off on Holding Companies: Problems and Solutions | Accounting

Preference Shares of a Subsidiary Company

In this article we will discuss about the Accounting Treatment Relating to Preference Shares of a Subsidiary Company. A subsidiary company may have issued equity shares as well as preference shares. In such a case, irrespective of the percentage of preference shares held by outsiders, the minority interest will include the paid up value of the preference shares held by [...]

By |2016-06-28T10:12:42+00:00June 28, 2016|Holding Companies|Comments Off on Preference Shares of a Subsidiary Company

Associated Companies in Consolidated Financial Statements

The Institute of Chartered Accountants of India issued Accounting Standard 23 on 'Accounting for Investments in Associates in Consolidated Financial Statement' effective in respect of accounting periods commencing on or after 1.4.2002. The accounting standard sets out principles and procedures on recognising, in the consolidated financial statements the effect of investment in associates on the financial positions and operating results [...]

By |2016-06-28T10:12:42+00:00June 28, 2016|Holding Companies|Comments Off on Associated Companies in Consolidated Financial Statements
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