Consolidation Accounting
Consolidation Accounting involves the process of combining financial information from multiple entities to create a comprehensive set of financial statements for a parent company and its subsidiaries. This process typically includes eliminating intercompany transactions and balances to present a true and accurate picture of the overall financial health of the entire group of companies. Consolidation Accounting is essential for providing stakeholders with a clear understanding of the financial performance and position of a business group as a whole.
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