I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

 

 

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   Content of consolidated financial statements 

Consolidated financial statements present the results of the group; they do not replace the separate 

financial statements of the individual group companies.  

It is important to note at this point that consolidated financial statements are an additional set of 

financial statements that are produced. They do not replace the individual financial statements of the 

parent or its subsidiaries. The group itself has no legal form, the group accounts are produced to satisfy 

accounting standards and, in some countries, legal requirements.  

Consolidated financial statements are issued to the shareholders of the parent and provide information for 

those shareholders on all the companies controlled by the parent. 

Most parent companies present their own individual accounts and their group accounts in a single 

package. The package typically comprises the following. 

