Reliance Communications (RCom) board on Wednesday approved the company's merger with Aircel, in one of the biggest deals in the telecom space in recent times. It also comes at a time when Mukesh Ambani's Reliance Jio has made an aggressive entry into the telecom industry, sending jitters among incumbents. RCOM and MCB will each hold a 50% stake in the merged entity ('MergedCo'), with equal representation on the Board of Directors and all Committees. The company will be managed by an independent professional team under the supervision of the Board..
Reliance Communications (RCom) board on Wednesday approved the company's merger with Aircel, in one of the biggest deals in the telecom space in recent times. It also comes at a time when Mukesh Ambani's Reliance Jio has made an aggressive entry into the telecom industry, sending jitters among incumbents. RCOM and MCB will each hold a 50% stake in the merged entity ('MergedCo'), with equal representation on the Board of Directors and all Committees. The company will be managed by an independent professional team under the supervision of the Board.
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Reliance Aircel Merger: Reliance Communications-Aircel merger approved - Video in Dinamalar Dated Sep 2016
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IFRS10 Group Financial Statement and Consolidation | IFRS10 Consolidation | FCCS Consolidation Basic
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IFRS10 Group Financial Statement and Consolidation | IFRS10 Consolidation | FCCS Consolidation Basic
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Consolidated financial statements are the 'financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity'. In this video tutorial , We will explain Financial Consolidation Basics with Example.
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When an investor company exercises full control, generally over 50% ownership, over the investee company, it must record its investment in the subsidiary using a consolidation method. All revenue, expense, assets, and liabilities of the subsidiary would be included in the parent company's financial statements. The equity method is usually applied when an investor entity holds 20-50% of the voting stock of the associate company and therefore has a significant influence on the letter`s management. With the equity method of accounting, the investor company reports the revenue earned by the other company on its income statement, in an amount proportional to the percentage of its equity investment in the other company. In this video tutorial, we will explain Equity Method of Consolidation
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Multistep Consolidation: When a Holding company hold more than one subsidiary it is known as Multiple Subsidiary. In the accounting world, financial consolidation is the process of combining financial data from several subsidiaries or business entities within an organization and rolling it up to a parent company for reporting purposes. In this video tutorial, We will explain Multiple Subsidiary in Financial Consolidation.
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Idea Cellular approved merger with Vodafone India Limited (VIL) & Vodafone Mobile Services Limited (VMIL) on 20th March 2017.
It will become Number 1 Telecom Company in India with 400 Million Customers.
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5) Aditya Birla Group have 26% & Vodafone have 45.1%
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This is another excellent video on Oracle FCCS (Oracle Financial Consolidation and Close Cloud). In this video, we have taught Oracle FCCs Automate Data Load and Consolidation Using EPMAutomate
FCCs Automate Consolidation
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