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What are the benefits of consolidated financial statements?

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ByNdira von Keller

The main purpose of consolidated financial statements is to portray an accurate picture of the group’s financial position. Some of the benefits of this are:

  • Potential investors can judge the financial health of the group and its subsidiaries
  • It reduces the burden of preparing separate financial statements for all subsidiaries
  • Inter-company transactions can be properly accounted for.
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