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Key research themes
1. How do consolidation procedures shape the accounting information function and affect financial reporting accuracy?
This research theme investigates the impact of consolidation accounting processes on the core accounting function of generating reliable and decision-useful financial information. It examines how the unique procedures of consolidation—such as eliminating intra-group transactions, adjusting for non-controlling interests, and fair value re-measurements—affect the fidelity, utility, and presentation of consolidated financial statements, especially in complex, multi-entity structures. The exploration emphasizes the implications for both internal management decision-support and external stakeholder reporting, highlighting the intricacies introduced by group structures on the information function of accounting.
Key finding: This paper highlights that consolidation accounting uniquely transforms the accounting information function by introducing specific procedures such as elimination of intra-group transactions, fair value adjustments, and... Read more
Key finding: The study demonstrates how consolidation procedures amend the profit and loss accounts by adjusting unrealized profits on intra-group inventory sales, allocating non-controlling interests' share of comprehensive income, and... Read more
Key finding: This paper rigorously explains the criteria and processes involved in identifying subsidiaries and associates for consolidation and how control versus significant influence impacts consolidation scope. It further details the... Read more
Key finding: Through a practical case study, the paper elucidates the methodology of preparing a consolidated balance sheet on the acquisition date, including the recognition of goodwill and non-controlling interest. It reveals how... Read more
Key finding: This study identifies salient challenges in consolidation including legislative interpretation, data integration through specialized software, and managerial analysis. It presents solutions enhancing the reliability and... Read more
2. What are the educational benefits and challenges of using computerised consolidation accounting tools in enhancing conceptual understanding?
This theme addresses the pedagogical implications and effectiveness of computer-assisted learning (CAL) tools designed specifically for consolidation accounting education. It explores empirical evidence on whether such digital packages improve student understanding, engagement, and examination performance in complex accounting topics. The analysis helps academic institutions and educators optimize teaching strategies for consolidation accounting by integrating targeted technological resources.
Key finding: This empirical study establishes a statistically significant positive relationship between the use of a computerised consolidation accounting package and improved student exam performance on consolidation-specific questions.... Read more
3. How do public sector consolidation accounting practices differ from private sector models, and what implications do these hold for government financial reporting?
This research theme investigates the adaptation and challenges of consolidation accounting within the public sector compared to private sector standards. It explores how full consolidation approaches, partial consolidation (budgetary approach), and control assessments are tailored in government contexts to better meet stakeholder needs. The theme highlights user-oriented considerations, the recognition of future liabilities, and transparency enhancements within whole-of-government accounting frameworks.
Key finding: Using survey and interview data from Finland's central government, this study finds that private sector consolidation methods are not fully transferable to the public sector. It recommends tailored consolidation... Read more