Consolidated Financial Statements

Consolidated Financial Statements are financial reports that combine the financial information of a parent company and its subsidiaries into a single set of financial statements. These statements provide a comprehensive view of the financial position, performance, and cash flows of the entire group of companies, rather than individual entities.

Companies often form subsidiaries for various reasons, such as legal and tax purposes, operational efficiency, and strategic expansion. By forming subsidiaries, companies can isolate risks associated with specific operations, access different markets, and benefit from specialized expertise. Consolidating financial statements allows stakeholders to assess the overall performance and financial health of the entire group, providing a more accurate representation of the company’s operations and facilitating better decision-making.

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