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IMPACT OF CONSOLIDATION PROCEDURES ON THE IMPLEMENTATION OF THE INFORMATION ACCOUNTING FUNCTION

Financial reporting is often referred to as the result of all activities undertaken within the accounting system. As an element of financial accounting, it is associated with the implementation of various functions attributed to accounting. However, the area of financial reporting itself is divided into two elements single reporting and consolidated reporting. Consolidated reporting is a characteristic process with its own procedures and assumptions. Therefore, the question should be asked whether the differences do not affect the implementation of the basic accounting function information function. The purpose of the article is to present the impact of implementing the characteristic procedures of the financial statements consolidation process on the implementation of the accounting information function. The study was divided into three parts, preceded by an introduction and completed with conclusions. The first part describes the essence of the accounting function with particular emphasis on the information function. The second part presents a model process of consolidating financial statements according to IFRS regulations. The last section of the study presents an analysis of the characteristic points of the consolidation process and assesses their impact on the implementation of the accounting information function. The work was based on the method of analyzing literature sources, the comparative method and the method of synthesis.