consolidated balance sheet


consolidated balance sheet
The balance sheet of a group providing the financial information contained in the individual financial statements of the parent company of the group and its subsidiary undertakings, combined subject to any necessary consolidation adjustments. It must give a true and fair view of the state of affairs of a group as at the end of the financial year, and its form and content should comply with Schedule 4 of the Companies Act (1989). If the balance sheet formats require the disclosure of the balances attributable to group undertakings (creditors, debtors, investments), the information should be analysed to show the amounts attributable to parent and fellow subsidiary undertakings of the parent company, and amounts attributable to unconsolidated subsidiaries.

Accounting dictionary. 2014.

Look at other dictionaries:

  • Consolidated Balance Sheet —    A report showing the financial position of a company and its subsidiaries. Also known as a consolidated account.    ► See also Balance Sheet …   Financial and business terms

  • consolidated balance sheet — The balance sheet of a group providing the financial information contained in the individual financial statements of the parent company of the group and its subsidiary undertakings, combined subject to any necessary consolidation adjustments. It… …   Big dictionary of business and management

  • consolidated balance sheet — /kənˌsɒlɪdeɪtɪd bæləns ʃi:t/ noun a balance sheets of subsidiary companies grouped together into the balance sheet of the parent company …   Dictionary of banking and finance

  • consolidated balance sheet — A statement of financial position which combines the assets, liabilities, and stockholders equity of a parent corporation and its subsidiary …   Black's law dictionary

  • consolidated balance sheet — A statement of financial position which combines the assets, liabilities, and stockholders equity of a parent corporation and its subsidiary …   Black's law dictionary

  • Balance sheet — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

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  • group balance sheet — /gru:p bæləns ʃi:t/ noun a consolidated balance sheet, the balance sheets of subsidiary companies grouped together into the balance sheet of the parent company …   Dictionary of banking and finance

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