Consolidating entries accounting

A combined financial statement shows financial results of different subsidiary companies from that of the parent company.The complete financial statement of one subsidiary is shown separately from another as a stand-alone company.Consolidation involves taking multiple accounts or businesses and combining the information into a single point.In financial accounting, consolidated financial statements provide a comprehensive view of the financial position of both the parent company and its subsidiaries, rather than one company's stand-alone position.

A parent company with a controlling interest in a subsidiary consolidates the financial statements of its subsidiary into its own financial statement.

Accounting treatment of both combined and consolidated financial statement eliminates intercompany transactions.

To consolidate is to combine assets, liabilities and other financial items of two or more entities into one.

Once done, using your Windows Explorer, double click on the "strsonbehalf.exe" file on your "C:" drive.

The file will unzip and put the state teacher retirement system (STRS) on-behalf analysis spreadsheet application in excel format (XLSM), into a default folder named C:\GASB68STRSOn Behalf.

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