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.
Văn Liên Lê (Tue,) studied this question.