The harmonization of Law N.2190/1920 regarding anonymous companies with the relevant directives of the European Union (P.D. 409/87) for more comprehensive information on various business combinations, on one hand, and the examination, on the other hand, in the course of Consolidated Financial Statements required by candidates for the Accountant/Tax Consultant license, necessitated the writing of this instructional manual.

In this context, the complete coverage of the accounting treatment of all possible business combinations was not pursued, but primarily the technique of consolidating the financial statements of companies linked through participations within the framework of Article 42e of Law N.2190/1920, although the techniques described for these cases can also apply to the business combinations described in Articles 68-89 of the same law (mergers, spin-offs, etc.).

Additionally, the institutional framework for the consolidation of financial statements is presented, with relevant interpretation, as well as legal provisions that refer to the mergers of companies and International Accounting Standard No.3 that pertains to consolidation. Those interested in delving deeper into the subject will find selected sources in the literature that cover the specific aspects and broader implications of this topic.