Consolidation financial statements for the development of integration processes

The article discusses issues related to the development of a more modern concept of consolidated financial statements interconnected with business entities, they differ in that the practice of consolidating financial statements has significant national specifics, which makes it relevant to compare the reporting indicators of different interconnected enterprises. By summarizing different accounting approaches, collateral transactions and developing a common conceptual framework, and its reflection in financial statements in accordance with the International Financial Reporting Standard (IFRS), (IFRS) "Business Combinations" (IAS), "Combinations of Companies" with subsequent convergence positions and requirements of IFRS with the provision of final standards for accounting for business combinations.