It is required for a company to disclose its financial figures accordingly to some specific regulation and adhering with them restrict. International Accounting Standards (IAS) which has been designed specifically by International Accounting Standard Board (IASB) is some of the essentials which have been taken into account to record and disclose the data in an appropriate manner. There is a case is given in which Herb Husskies which is intending to merge with Holdings. Mr. Smith is required to have the consolidated financial statement.
It is mentioned in the case study, that the Holding Inc has a ...