consolidated profit


consolidated profit
The combined profit of a group of organizations presented in the consolidated profit and loss account. Any intra-group items should be eliminated by consolidation

Accounting dictionary. 2014.

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  • consolidated profit — ➔ profit1 * * * consolidated profit UK US noun [C or U] ► ACCOUNTING the total profit that is made by all the companies belonging to a business group, when all the individual profit is added together: »The group posted a consolidated profit of… …   Financial and business terms

  • consolidated profit and loss account — A combination of the individual profit and loss accounts of the members of a group of organizations, subject to any consolidation adjustments. The consolidated profit and loss account must give a true and fair view of the profit and loss of the… …   Accounting dictionary

  • consolidated profit and loss account — A combination of the individual profit and loss accounts of the members of a group of organizations, subject to any consolidation adjustments. The consolidated profit and loss account must give a true and fair view of the profit and loss of the… …   Big dictionary of business and management

  • consolidated profit and loss account — /kənˌsɒlɪdeɪtɪd ˌprɒfɪt ən lɒs əˌkaυnt/ noun profit and loss accounts of the holding company and its subsidiary companies, grouped together into a single profit and loss account (NOTE: American English is profit and loss statement or income… …   Marketing dictionary in english

  • profit — total revenue less total expenses for a period of time calculated in accordance with generally accepted accounting principles. Glossary of Business Terms Revenue minus cost. The amount one makes on a transaction. Bloomberg Financial Dictionary *… …   Financial and business terms

  • profit — / prɒfɪt/ noun money gained from a sale which is more than the money spent on making the item sold or on providing the service offered ♦ profit after tax profit after tax has been paid ♦ to take your profit to sell shares at a higher price than… …   Marketing dictionary in english

  • profit — / prɒfɪt/ noun money gained from a sale which is more than the money spent on making the item sold or on providing the service offered ♦ to take your profit to sell shares at a higher price than was paid for them, and so realise the profit,… …   Dictionary of banking and finance

  • Consolidated Natural Resources Act of 2008 — Full title A bill to authorize certain programs and activities in the Department of the Interior, the Forest Service, and the Department of Energy, to implement further the Act approving the Covenant to Establish a Commonwealth of the Northern… …   Wikipedia

  • consolidated financial statements — consolidated accounts; = group accounts; = group financial statements The financial statements of a group of companies obtained by consolidation. These are required by the Companies Act and Financial Reporting Standard 2, Accounting for… …   Accounting dictionary

  • consolidated financial statements — consolidated accounts; group accounts; group financial statements The financial statements of a group of companies obtained by consolidation These are required by the Companies Act and Financial Reporting Standard 2, Accounting for Subsidiary… …   Big dictionary of business and management