{"id":24867,"date":"2015-03-02T04:34:19","date_gmt":"2015-03-02T04:34:19","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=24867"},"modified":"2024-04-03T13:15:39","modified_gmt":"2024-04-03T07:45:39","slug":"harmonizing-accounting-data","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/harmonizing-accounting-data\/","title":{"rendered":"Harmonizing Accounting Data"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Harmonizing-Accounting-Data.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26189\" alt=\"Harmonizing Accounting Data\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Harmonizing-Accounting-Data.jpg\" width=\"299\" height=\"169\" \/><\/a><\/p>\n<p>Since consolidation consists of aggregating accounts, give or take some adjust-<br \/>\nments, it is important to ensure that the accounting data used are consistent;<br \/>\ni.e., based on the same principles.<\/p>\n<p>Usually, the valuation methods used in individual company accounts are<br \/>\ndetermined by accounting or tax issues specific to each subsidiary, especially<br \/>\nwhen some of them are located outside the group\u2019s home country. This is particu-<br \/>\nlarly true for provisions, depreciation and amortisation, fixed assets, inventories<br \/>\nand work in progress, deferred charges and shareholders\u2019 equity.<br \/>\nThese differences need to be eliminated upon consolidation. This process is<br \/>\nfacilitated by the fact that most of the time consolidated accounts are not prepared<br \/>\nto calculate taxable income, so groups may disregard the prevailing tax regulations.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since consolidation consists of aggregating accounts, give or take some adjust- ments, it is important to ensure that the accounting data used are consistent; i.e., based on the same principles. Usually, the valuation methods used in individual company accounts are determined by accounting or tax issues specific to each subsidiary, especially when some of them&#8230;<\/p>\n","protected":false},"author":600,"featured_media":26189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[1135,1876,2440],"class_list":["post-24867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-accounting","tag-data","tag-differences"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Harmonizing Accounting Data - Vskills Blog<\/title>\n<meta name=\"description\" content=\"How do we consolidate all the Accounting Data and conclude?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/harmonizing-accounting-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harmonizing Accounting Data - 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