The consolidated financial statements in the light of the International Financial Reporting standard (10) - A comparative study with the International Accounting Standard No. (27) –

Abstract

This study aimed to identify the reasons for issuing the International Financial Reporting Standard No. (10), and add-on IAS (27) with respect to disclosure and accounting treatments in the preparation of the consolidated financial statements, and to assess the need for application in Sudan. The researcher Follow inductive approach and analytical approach, where they were relying on first approach when formulating the research problem, while relying on the second approach when the study and analysis of the International Accounting Standard No. (27) and International Financial Report standard (10). The researcher concluded that many of the most important results, represent in: the international financial report standard No.(10) contributed to the promotion of transparency and imposed by the global financial crisis in 2007, as it laid down the rules of good accounting measure required to prepare consolidated financial statements.