Consolidated financial reports should provide a clear and accurate image of the assets, debts, financial situation, profit and loss of the companies comprised within the consolidation process as a whole. They should specify the accounting policies adopted while determining the sums corresponding...

The value of accounting registering based upon historic cost is a sure and checkable value, written in a document that certifies a property right upon a certain good, a debt right or a debt. Historic costs’ evaluation consists in registering goods in-comings into the company’s patrimony at...