Finance Leasing Manual - FLM49.18

Consolidated accounts: accounting dates

Paragraphs 42 and 43 of FRS 2 deal with the dates to which consolidated accounts are drawn up. Broadly, groups should strive to use the same date but where this is not possible, those subsidiaries with different dates from the parent should either prepare interim statements to bridge the gap or use the last annual accounts before the parent's accounting date.