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? consolidated financial statements . what does it mean

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Question added by Alsayed Seddek Ali kandeal , Tax accountant And Auditor , Madar Group Egypt
Date Posted: 2013/06/02

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.
Doing so typically requires a complex set of eliminating and consolidating entries to work back from individual financial statements to a group financial statement that is an accurate representation of operations.

fatma Ahmed
by fatma Ahmed , an accounting manger , solution.com, Xerox

Is a list of financial organizes the work of a group of companies as one and use the consolidated statements of the holding companies and trade groups

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