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What are the benefits of consolidated financial statements?
PostedJune 5, 2023
UpdatedJune 5, 2023
ByDigitalopers
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.