User:Mgt88drcr/project01b

= Step 2: Summarize useful points from relevant literature =

J. R. Edwards and K. M. Webb, The development of group accounting in the united kingdom to 1933
http://www.accountingin.com/accounting-historians-journal/volume-11-number-1/the-development-of-group-accounting-in-the-united-kingdom-to-1933-2/
 * First example of consolidation procedures was introduced by U.S. companies
 * Nobel Industries (1922) is generally cited as the first holding company to prepare combined financial affairs of holding companies and their subsidiaries.
 * First regulation in relation to group accounts was introduced by London Stock Exchange (1939)


 * The Royal Mail case was a major factor in encouraging the publication of consolidated statements

Walker, R. G. Consolidated Statements. New York: Arno Press, 1978.
http://books.google.com.hk/books?id=eCbP-kdoVJoC&pg=PR2&lpg=PR2&dq=Walker++Consolidated+Statements++New+York++Arno+Press+1978&source=bl&ots=nfSZcPtZtS&sig=m2qLCde6DufLUBFfPwkn-CKsipw&hl=en&sa=X&ei=kR-jUqOxMq-0iQebvoDYDA&ved=0CEoQ6AEwBw#v=onepage&q=Walker%20%20Consolidated%20Statements%20%20New%20York%20%20Arno%20Press%201978&f=false