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Financial. Consolidated financial statements

Published September 21st, 2007 in Uncategorized

Consolidated financial statements are financial statements that factors the holding company’s subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing, as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group. To do so typically requires a complex set of eliminating and consolidating entries to work back from individual financial statemtns to a group financial statement that is an accurate representation of operations.

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