The financial statements of a group presented as if they were those of a single economic entity.
Financial statements that show the results of all operations under the parent company’s control, including those of any subsidiaries.
Financial statements prepared as if all Group companies were dependent operations of one corporate entity. Inter-company profits and losses are eliminated.
Financial statements that reflect the combined operations of a parent company and its subsidiaries.
Consolidated financial statements show groupwide business results, including those at subsidiaries -- businesses that a parent company effectively controls -- and affiliates -- firms in which a parent owns a stake of at least 20% -- as if they were a single entity. Japanese companies had previously released parent-only financial data. But since fiscal 1999, they have been required to disclose consolidated results to reveal groupwide performance. Under consolidated balance sheets and earnings statements, financial data at a parent and its consolidated subsidiaries are combined and business transactions between firms within the same group are eliminated. For instance, a parent company's sale of a product to a subsidiary will not be recorded if the unit still has the item in stock and has not sold it to a third party. Any debts and loans owed to or due from group firms are discarded as well.
Summary of the financial situation of a company, including: balance sheet, income statement, cash flow statement, statement of changes in equity and appendices. Different accounting consolidation methods are used depending on the voting rights held by the parent company in the affiliates (full consolidation, proportional consolidation, equity method).
Statements that report the combined operating results, financial position, and cash flows of two or more legally separate but affiliated companies as if they were one economic entity.
Combined FINANCIAL STATEMENTS of a parent company and one or more of its subsidiaries as one economic unit.
Financial statements that bring together all assets, liabilities, net worth, and operating figures of two or more affiliated companies, as though the business were in fact a single economic entity. Duplications in items are eliminated so that the combined figures do not show more assets and equities than actually exist.
A combination of the financial statements of a parent company and its subsidiaries, presenting the financial position of the group as a whole.
Financial statements that reflect the total economic entity. For example, on a consolidated income statement a corporation having several subsidiaries would report the total of all of its companies' sales that were made to customers outside of its group. (Sales to companies within its group of related companies would be excluded as well as the purchases within its group.) A consolidated balance sheet would report the combined assets except for claims against companies within its group. Liabilities would be combined except for amounts owed to companies within its group. To Top
Consolidated financial statements are financial statements that factors the holding company's subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing, as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group.