أهمية أعداد البيانات المالية الموحدة للشركات العراقية

Abstract

The consolidated financial statements of holding and subsidiary companies are more useful for the users of them because the detailed information which they provided about the financial position and the activity results of the holding companies than if that financial statement prepared separatly. The Iraqi companies still don’t prepare consolidated financial statements even when they controlling more than ( 50 %) of other companies in spite of there is no reason to not doing so , except in the case that the activity of holding company different from that of subsidiary and that because the consolidating of financial statements would give unfair consolidated financial statement .The international accounting standard no.(27), issued by international accounting. Standards board, concentrates on the importance of consolidated financial statements for the holding company and its subsidiary and that because the holding company controlling (50%) of voting rights in its subsidiary which gives the holding company the ability to control financial and operational policies of its subsidiary and then gets the benefits from their activities and, accordingly , the consolidated financial statement would mean that the subsidiary company is apart or branch belongs to the holding company . This paper , through the first part, deals with the different approaches for businesses mergering and preparation of consolidated financial statements . The second part of this paper defines the sample of the research and how to prepare the consolidated financial statements for that sample. The third part would be about conclusions and recommendations