full consolidation

full consolidation The method of accounting in which the whole impact of subsidiaries is incorporated into group accounts (seeconsolidated financial statements). If a subsidiary undertaking is less than 100% owned, the percentage pertaining to the minority interest must be adjusted for. This method of consolidation is generally adopted in the UK.

• accounting entity
• accounting event
• accounting package
• accounting period
• accounting principles
• accounting rate of return
• accounting ratio
• accounting records
• accounting reference date
• Accounting Standards Board
• accounting technician
• account management group
• account payee only
• account reconciliation
• accounts
• Accounts Modernization Directive
• accounts payable
• accounts receivable
• accrual
• accrual accounting
• accruals concept
• accrued benefits
• accrued benefits method
• accrued charge
• accrued income scheme