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What is Consolidated Statement?
If you have ever read accountancy, you should know the definition of Consolidated Statement. Are you new to this subject? Don’t worry; we have our experts to help you in every way possible. But first, it is important to discuss about the subject a bit so as to derive the problems faced by students while solving an assignment on this subject.
Consolidated Statement refers to the financial statement of a parent company and its subsidiaries. These statements are framed on different aspects like assets, income, equity, expenses, liabilities and cash flow from the parent company to its subsidiary alliances. These types of financial statements are important to judge the overall economic performance of an entire group of companies unlike a single organization where financial statement is framed for only that organization. Therefore, consolidated statement can be termed as one of the very crucial factors that keep the parent company aware of the requirements and performance of its subsidiary alliances and undertake financial decisions accordingly.
Consolidated Statement Assignment Help of 24x7assignmenthelp.com has helped many students worldwide understand the basics of this above mentioned theory and methods of framing and deducing a consolidated statement. Since it acts like a financial bridge between a parent company and its subsidiaries, it is important to master all the methods associated with framing a consolidated statement and without a single error.
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