If your company holds substantial ownership interests in other businesses, you might need to prepare consolidated financial statements that combine the profits, losses and other financial activities ...

Financial statements are vital for businesses, from international corporations down to limited liability companies. These statements give investors an in-depth, accurate picture of a business’s ...

In December 2007, FASB adopted two new business combination standards: Statement no. 141(R), Business Combinations, and Statement no. 160, Noncontrolling Interests in Consolidated Financial Statements ...

When a group of two or more businesses is required to report financial results on a consolidated basis, generally accepted accounting principles, or GAAP, require the elimination of intercompany sales ...

Translation risk is the foreign exchange risk associated with the translation of net investments in foreign operations into a group’s presentation currency when preparing consolidated financial ...

Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. A combined statement includes information on a customer's various retail banking accounts onto a single periodic ...

Get the detailed quarterly/annual income statement for Kingsgate Consolidated Limited (KCN.AX). Find out the revenue, expenses and profit or loss over the last fiscal year.