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Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.

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9y ago
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9y ago

In consolidated financial statement, books of parent company and child companies are join together in one statement to show the overall performance while in parent company statement only performance of parent company is shown.

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Q: What is the difference between consolidated and parent company statements?
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What is the difference between consolidated and parent entities?

The main difference between consolidated and parent entities is that consolidated financial statements show the activities of the parent company and all of its subsidiaries. A stand alone, or parent financial statement, treats each subsidiary as a a separate entity.


Difference between standalone and consolidated results?

Consolidated results include the results of subsidiaries of a company.Thus Consolidated results give a better picture of value of a company.


Financial statements and consolidated financial statements?

Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses and cash flows of a parent and its subsidiaries as those of a single economic entity. visit page: cndhearingsolution .co.nz/ear-suction


What is the difference between a consolidated and non-consolidated balance sheet?

It is very simple: consolidated financial data: One a parent company posts/files its combined financials that is parent's data as well as subsidiaries data collectively (Summed) that is Consolidated Financials. Non/Un-Consolidated Financials: When Parent company posts/files its financials separately that is stand alone financials of parent and side by side its subsidiaries data.


Difference between balance sheet and consolidated balance sheet?

Simple balance sheet provides information of one single company only while consolidated balance sheet provides the information of parent as well as child company as a single financial statement.


What is consolidating financial statements?

hen a large company acquire one or more small companies then acquiring company is called the parent company and acquired companies are called subsidiary companies so when the financial statements of parent company and subsidiary companies are prepared in one financial statement altogether those financial statements are called consolidated financial statements.


What is meant by consolidated profit and loss?

When there is a parent and subsidiary companies exists in that situation the combined financial information of parent company as well as subsidiary companies are shown under one statment which are called consolidated financial statements so in consolidated profit and loss account combined information of both parent and subsidiaries shown together rather preparing separate statements.


What is the population of Consolidated Pastoral Company?

The population of Consolidated Pastoral Company is 170.


What is the population of Consolidated Contractors Company?

The population of Consolidated Contractors Company is 170,000.


What is Consolidated Contractors Company's population?

Consolidated Contractors Company's population is 2,009.


When was Consolidated Pastoral Company created?

Consolidated Pastoral Company was created in 1983.


When was Consolidated Contractors Company created?

Consolidated Contractors Company was created in 1952.