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A consolidated financial statement takes the income statement, balance sheets, and cash flow statements and any other data that's needed, of a company plus all of its subsidiaries, divisions, or sub-organizations. For example, PepsiCo owns Pepsi, and the brands Sierra Mist and Mountain Dew are a part of Pepsi.

Example Sentences The two funds will consolidate into one. The administration hopes that such measures will consolidate its position. Rebel forces have consolidated their hold on the region.

The term consolidate comes from from the Latin consolidatus, which means "to combine into one body." Whatever the context, to consolidate involves bringing together some larger amount of items into a single, smaller number. For instance, a traveler may consolidate all of their luggage into a single, larger bag.

Example of Consolidated Statement: XYZ International has ? 5,000,000 of income and ? 3,000,000 of assets mentioned in its financial statement. However, XYZ also governs five subsidiaries, which has an income of ? 50,000,000 and assets of ? 82,000,000.

How to consolidate financial statements. In order to prepare consolidated financial statements efficiently, there are three main steps that should be followed: combination of assets, offset, and removal of intragroup transactions.

The Proportional Consolidation Method For example, if Company A has 50% controlling interest over Company X, Company A would record the investment at 50% of the assets, liabilities, revenues, and expenses of Company X.

Consolidated financial statements are the overall financial statements of any entity with multiple divisions, including the parent company and all subsidiaries that are controlled by the parent company. They include three key financial statements; income, cash flow, and financial position.

A breakout from a consolidation pattern signals a victory by either buyers or sellers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level, or selling short and covering long when prices drop below support.

A statement of comprehensive income is the overall income statement that consolidates the standard income statement, which gives details about the repetitive operations of the company, and other comprehensive income. Thus, it is excluded and shown after the net income.

The income statement is also sometimes referred to as the statement of operations, statement of earnings, or profit and loss (P&L) statement. Under both International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (US GAAP), the income statement may be presented as a separate