Consolidated Financial Statements
Consolidated Financial Statements are a set of financial statements that combine the financial activities of a parent company with its subsidiaries. These statements provide a comprehensive overview of the financial performance and position of the entire group as a single entity. They include the balance sheet, income statement, cash flow statement, and statement of changes in equity. Consolidated Financial Statements are prepared in accordance with accounting principles to accurately reflect the financial health of the entire group, rather than just individual entities within the group.