CONSOLIDATED FINANCIAL STATEMENTS Definition

Bookmark and Share

CONSOLIDATED FINANCIAL STATEMENTS is the end financial statement that accounts for all assets, liabilities and operating accounts of a parent and all subsidiaries.

Learn new Accounting Terms

RED-WELLS are when legal records are set up in file folders and file pockets called "red-wells." Clients usually have several matters. Red-wells are usually four-inch filing media in which file folders are inserted. A legal file may have several standard components called "sub-files." These sub-files are normally inserted into red-wells.

ACCRUAL ACCOUNTING see ACCRUAL BASIS OF ACCOUNTING.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.