The Problems About Compilation Of Consolidated Financial Statements In Our Country

With the development of social economy, business combination and acquisition business are increasing. Merger and consolidation means are more and more complex.All of these put forward the new challenge for the development of both the theory and practice of consolidated financial statements. The preparation of the consolidated financial statements inevitably become the required course of financial personnel and research staff. However, because the theory of the consolidated financial statements is complex and difficult to understand, the preparation of the consolidated financial statements become one of the four major problems of the accounting profession. In order to make financial personnel can better understand and prepare the consolidated financial statements, and then contribute to-the improvement of the guidelines of consolidated financial statements, this article studied the issues related to our consolidated financial statements prepared.First, this article use the analytic method systematically elaborated the international popular enterprise merger theories and amalgamative accounting processing technique, and pointed out the choice and innovation that China’s current accounting standards had made. Then this article gave a detailed interpretation of "Chinese Accounting Standards No.20-merger of enterprises" and" Chinese Accounting Standards No.33--the consolidated financial statement", and unifies the case in accordance with the requirements of accounting standards to preare the consolidated financial statements on and after the date of purchase.Finally, this article explore two issues on the prearation of the consolidated financial statements:direct preparation of consolidated financial statements under the cost method and the treatment of merge goodwill.