Consolidated Financial Statements

Overview

Consolidated financial statements provide a single overall view of the combined financial position of several legal entities within the same organisation.

Common use cases

• Assessing the overall performance of a group.
• Providing unified information to investors.
• Meeting regulatory requirements.
• Making comparison with competitors easier.

Examples of use in small businesses

• Combining the accounts of different subsidiaries.
• Presenting a group-wide picture for partnerships.
• Supporting a long-term growth strategy.