Consolidation in group of companies: Evaluation of accounting and financial reporting standards

The aim of the study is is the new general accounting standard for the consolidation of financial statements in group companies in Turkey, consolidation requirements and referring to the equal importance of financial statement consolidation for the institutions other than public interest institutions sharing the grounds related to the consolidation and the current situation for reportiong bygroup companies in Turkey. The subject has been studied in three parts: In the first part the meaning of the terms used in the practice of consolidation, types and methonds of consolidation, methods, and the consolidated financial statements related descriptions, The second part of our thesis focuses on the formation of the new concept known as group companies in Turkish Commercial Law. Accounting principles and standards for the group companies and the related financial reporting has been examined, The third and last part of the study is about consolidation made compulsory in Turkey, as well as the importance and necessity of consolidation and those who make the difference between companies and consolidation effects and consequences of changes made to the standard is finished. The final part covers an example of consolidated group company financial reporting under Capital Markets Regulations