Consolidated financial statement


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Consolidated financial statement

A financial statement that shows all the assets, liabilities, and operating accounts of a parent company and its subsidiaries.

Consolidated Financial Statement

A financial statement that combines the assets and liabilities of a parent company and its subsidiaries. A consolidated financial statement presents an aggregated picture of the whole corporation, rather than its individual parts.
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This is primarily because the information of consolidated financial statement was intended mainly for investors of parent company, and the treatment based on parent-company concept was more suitable in practice (Part 2 Revision of consolidated financial principles I-2).
The introduction of accounting principles for consolidated financial statements in Japan: focus on minority interest and other related accounting treatments
A subsidiary wants to change to the FIFO method for both Federal income tax and consolidated financial statement purposes.
Subsidiary's nonconforming inventory method will not violate group's conformity
Perhaps the biggest difficulties will be tied to the audit of a consolidated financial statement for the entire government.
The CFO Act: a look at federal accountability
Prior to this, FASB's position was that you prepared a consolidated financial statement when you owned over 50% of another company.
FASB presents views on consolidated statements
BMO Financial Group's audited Consolidated Financial Statements (including Notes to the Consolidated Financial Statements) for the year ended October 31, 2017, and accompanying Management's Discussion and Analysis will be available at www.
BMO Financial Group to announce its results
GAO still cannot accurately assess federal financial statements: The Government Accountability Office says it is still impossible for it to render an opinion on the consolidated financial statements of the federal government (other than the statement of social insurance) "because of widespread material internal control weaknesses and other limitations.
GAO still cannot accurately assess federal financial statements
160, Noncontrolling Interests in Consolidated Financial Statements.
FASB Marks convergence milestone with issuance of statements on business combinations and noncontrolling interests
Listed companies with 2 trillion won or more in assets will be required to file consolidated financial statements from 2011, while other listed firms from 2013.
Korea to adopt stricter accounting rules from 2011
gt;Identify the Acquirer In identifying the acquirer, the proposed statement makes reference to another exposure draft, Consolidated Financial Statements, Including Accounting and Reporting of Noncontrolling Interests in Subsidiaries.
Business combinations: requiring the acquisition method
Previously, companies had not included another entity in their consolidated financial statements unless they controlled it through voting interests.
FASB issues Interpretation no. 46, Consolidation of Variable Interest Entities, which applies to a broad array of such organizations including special-purpose entities, off-balance-sheet structures and, generally, corporations, partnerships
The Superintendency issues and promulgates supervisory regulations concerning asset quality, capital adequacy, liquidity, consolidated financial statements, loan classifications and loan loss reserves, transactions with affiliates and related parties, and credit, market, and operational risks, among other matters.
Orders issued under international banking act
With the FASB's recent publication of a discussion memorandum, on "Consolidation Policy and Procedures," many executives will be debating how to prepare consolidated financial statements over the next several years.
The debate over consolidating statements

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