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Competitio

Évf. 23 szám 1-2 (2024)
Tanulmányok

Consolidated financial statements in light of the Hungarian regulations and the IFRS standards

Megjelent:
2024-12-31
DOI Linkhttps://doi.org/10.21845/comp/2024/1-2/4
Szerzők
Szekeres Alexandra,
Dienes Angelika
Megtekintés
PDF (Angol)
Kulcsszavak
consolidated financial statement International Financial Reporting Standards business combination intangible assets
Licenc

Copyright (c) 2025 Alexandra Szekeres, Angelika Dienes

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Hogyan hivatkozzuk
Kiválasztott formátum: APA
Szekeres, A., & Dienes, A. (2024). Consolidated financial statements in light of the Hungarian regulations and the IFRS standards. Competitio, 23(1-2), 75-93. https://doi.org/10.21845/comp/2024/1-2/4
Beküldött 2024-12-29
Elfogadott 2025-01-06
Publikált 2024-12-31
Absztrakt

Companies today have diverse relationship systems. In a legal sense, individual companies exercising influence on each other engage in significant transactions with each other during their operations. Market participants require knowledge of the financial, monetary, and income status of these corporate groups. Therefore, in addition to individual annual reports, it is also important to prepare consolidated financial statements that present the group as a single entity, following either national or international accounting standards.

In our study, the legal background of consolidation will be presented, as well as the rules of consolidation based on Hungarian regulations and the International Financial Reporting Standards (IFRS). Two IFRS consolidated financial statements will be compared, with a particular focus on the consolidated notes on the accounts (Notes), highlighting those intangible assets whose representation and evaluation are significantly different from Hungarian rules. While the selected parent companies present their corporate groups to varying extents and levels of detail, the requirements of the standards are reflected throughout.

JEL code: M40

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