Composition and Presentation of Consolidated Financial Statements of a Group in Accordance with NAS and IFRS

Abstract

During the post-war recovery of Ukraine’s economy and the intensification of European integration processes, the importance of business consolidation is steadily increasing, acquiring strategic significance for the stabilization and further development of the national economy. This tendency is driven by the need to concentrate financial, material, and human resources, enhance management efficiency, and strengthen the competitiveness of Ukrainian enterprises in both domestic and international markets. The consolidation of business entities promotes the rational useof resources, improvement of production and financial mechanisms, attraction of investment, expansion of foreign economic activities, as well as the implementation of innovations and modern management practices.These processes lead to a growing number of stakeholders – both internal and external users of financial information – who require reliable, comprehensive, and transparent data to make managerial, strategic, and investment decisions. In this context, the role of high-quality accounting and analytical practices becomes increasingly significant, particularly in the activities of joint agricultural enterprises, where the objectivity and consistency of information are of critical importance. Consolidated financial statements provide a comprehensive view of the financial position and performance of such entities, allowing for a deeper assessment of their potential, risk exposure, and management efficiency. Moreover, they enhance trust among investors, partners, and government institutions, thereby improving the overall business reputation of enterprises. Therefore, accurate and high-quality consolidated reporting serves not only as an essential tool for internal control but also as a key factor in strengthening the image of Ukraine’s economy on the international stage. It contributes to improving financial