Consolidated financial statements show aggregated financial results for multiple entities or subsidiaries associated with a single parent company.

When companies consist of multiple businesses, it is important to determine whether to prepare a consolidated or combined financial statement detailing each company’s earnings, profits, losses and ...

Intercompany Transactions Once in a consolidated file, use journal entries in QuickBooks to cancel out intercompany transactions that throw off the accuracy of the consolidated statements.

In contrast, a consolidated financial statement aggregates the financial position of both the parent company and its subsidiaries into one report. This combination allows an investor to check the ...

The Obama administration’s procedures for preparing the government’s annual consolidated financial statement suffer from “control deficiencies” that contribute to material weaknesses in ...

If consolidated financial statements are necessary, you'll need to account for the minority interest of each company included in the consolidation.

The government’s annual consolidated financial statement prepared by the Treasury Department lacks adequate internal controls and documentation on the conclusions of managers about the nation ...