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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.
Why companies consolidate their subsidiaries for financial reporting purposes?
Subsidiary companies are also part of group of companies so parent company is required to show the financial statements of group as a whole so that's why consolidated financial statements are prepared
What includes the horizontal analysis of comparative statement?
In Horizontal analysis of statements companies tries to compare its financial statements with competitors to see that how well or bad they have performed.
What are the consolidated financial statements?
Companies issue four basic financial statements:Balance SheetIncome StatementStatement of Cash FlowsStatement of Stockholders' EquityCompanies also must present a Statement of Comprehensive Income. Most companies include this in the Statement of Stockholders' Equity."Consolidated" financial statements include more than one affiliated company. For example, if Company A owns all of Company B, then the two companies together will present consolidated financial statements, presented as if both companies were really one company. Each line item is presented for all companies. For example, Cash presents total cash for all affiliated companies. Sales presents sales for all affiliated companies, added together.
How will a company use the adjusted trial balance?
The companies will use the adjusted trail balance to create the financial statements.
Mission and vision statements of various companies?
The purpose of mission and vision statements of various companies is to show prospective customers what their vales and aims are in so far as to what they promise they can deliver. Most companies will have their mission and vision statements visible on their website.
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 are accurate statements about literary canons?
They reflect the values of those who compile themThey reflect the values of those who compile them
Does a truth table allows you to record the values of certain statements?
yes
How can someone get his personal statements?
To get personal statements, one needs to contact the bank which one has an account with. Many banks and companies offer paper statements or the ability to check statements on their webpage.
What areinancial statements in which financial data for two or more companies are combined as a single entity called?
consolidated statements
Why companies consolidate their subsidiaries for financial reporting purposes?
Subsidiary companies are also part of group of companies so parent company is required to show the financial statements of group as a whole so that's why consolidated financial statements are prepared
What is Foot Locker's mission statement?
Foot Locker has six different companies, and each of them have a separate mission statement. All of the mission statements are driven by the core values of the company, which focus on innovation, profitability, and great products.
Vision and Mission Statements of Top Indian companies?
This is a statement not a question
Do companies have paternity leave?
Most companies with maternity leave have rewritten their policy statements to include paternity leave
2 What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period?
The advantage of using comparative statements of financial analysis is that makes it possible for a company to see how account values have changed over a period or periods of time. It also allows companies to trace what has happened to key assets and liabilities over the pwo or three years. It can be called the "trendy analysis"
What are the Guidelines for a mission statement?
For mission statements, there usually needs to be a main theme attached to all of the statements. Also, they traditionally consist of about 7 values you consider important to your life. These statements are kind of like promises you make to yourself, to others etc. For mission statements, there usually needs to be a main theme attached to all of the statements. Also, they traditionally consist of about 7 values you consider important to your life. These statements are kind of like promises you make to yourself, to others etc.
