Response to the FASB Discussion Memorandum `Consolidation Policy and Procedures'.
本文是美国会计学会财务会计准则委员会对FASB讨论备忘录《合并政策与程序》的回应，主张采用经济主体概念和更广泛的控制定义作为合并基础。
Abstract This article focuses on the response of the American Accounting Association's Financial Accounting Standards Committee on consolidation policy and procedures. The Committee is pleased that the issues addressed in the Discussion Memorandum (DM) are part of a broad project designed to cover all aspects of accounting for affiliations among entities. In general, the choice of consolidation method and other means of reporting the results of operations for affiliated entities should he consistent with the objective of improving the information provided to users. The DM checklist should be very useful in providing evidence concerning such preferences. In general, the Committee prefers the economic unit concept of consolidated financial statements along with a broader definition of control (than one based strictly on ownership percentage) as a basis for consolidation. The preference for the economic unit concept also is consistent with the Committee's preference for current value financial statements in general. In broadening the operational criteria for consolidation, one should look for contractual evidence of control in cases of less than 50 percent ownership.