The peculiarities of consolidated financial statements formation within the M&A transactions

At present time of international business development M&A occur more actively.The most controversial issues of M&A transactions include accounting of assetsand liabilities of the acquired enterprises and the compilation of the consolidatedfinancial statements. The paper deals with the comparative analysis of the regulatoryrequirements in financial statements consolidation according to IFRS, US GAAPand the German Commercial Code (HGB). The evolution of applied methods,the features of the consolidation procedures, depending on the chosen method arepresented. The findings are supported by examples from M&A practice involvingGerman companies.