Exclusive portal designed for our Customers and Partners

Log in

Request for Access

countries flags

Consolidated Financial Statements

Consolidated financials are the statements where all assets, liabilities, income, expenses, cash flows and equity of a company and its subsidiaries are combined. They’re composed of the consolidated income statement, balance sheet and note disclosures and are meant to gauge how the parent company is doing as a whole. Consolidating the financial statements of child companies is often a complex undertaking, as subsidiaries can operate in different geographical regions, under different reporting languages and different currencies. This means that the consolidated financial statement must be prepared in a way that enables an apples-to-apples comparison between subsidiaries.

The goal of consolidated financial statements is to present an enterprise as a single entity, which means that intra-group transactions and intra-group balances need to be eliminated. Only then can an enterprise in its entirety be fairly evaluated and understood.

CCH Tagetik Performance Management Software delivers:

consolidation & close