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Consolidation accounting helps overcome this problem by adding subsidiary financial statements to parent financial statements.
Suppose Parent owns 100 percent of the outstanding shares of Sub.
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Investors want consolidated financial statements because they are interested in the wealth controlled by the parent company, much of which resides in controlled subsidiaries.
By adding subsidiary financials to parent company financials, valuable information is disclosed. (hereafter Parent) invests in the equity of another company, named Subsidiary, Inc.
If you have a topic you are interested in, post your request in the comments or email me at The word ‘consolidated’ in financial statement titles signals that subsidiary company financials are added to parent company financials.
Large economic entities such as General Electric consist of one parent and hundreds of subsidiaries.