Consolidating your knowledge about consolidated accounts
24-Dec-2019 05:05
Why It Matters Consolidated financial statements provide a comprehensive overview of a company's operations.Without them, investors would not have an idea of how well an enterprise as a whole is faring.Often, debt consolidation achieves more manageable monthly payments and may result in a lower overall interest rate.For instance, it may wrap a high-interest credit card payment into a more reasonable home equity line of credit.Source: Investing Answers Consolidation of matters in the federal courts is governed by Rule 42 of the Federal Rules of Civil Procedure.
Thus, an investor looking solely at Company XYZ's holding company financial statements could easily get a misleading view of the entity's performance.
Consolidation involves taking multiple accounts or businesses and combining the information into a single point.