ESCP Europe

Langue

English

Publication year

01/07/2010

Consolidation mechanisms applicable to the joint venture will vary significantly depending on the legal format used and the country in which they apply. In a merger where the acquired companies legally dissolve, accounting consolidation will take place once. In cases of acquisition of shares in which companies retain their separate legal personality, shall apply different methods of consolidation and the process should be performed whenever financial statements for either financial or legal effect required and kept by the independent accounting records of all member societies.