This article analyzes consolidation theories and their application in Japan, suggesting implications for practice.
Consolidation accounting standards were revised in Japan in 1997. In this time, The Business Accounting Deliberation Council (BADC) pointed out that "The revised consolidation standards follow mainly the former one; parent company concept"1>. In this article, we would like to present, exchange our opinion about which consolidation theory is really used in Japan recently. / In order to get this target, the following issues are discussed. / 1. Consolidation theories / 2. Consolidation theory used in Japan currently.
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Văn Liên Lê (2002) studied this question.
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