please can anyone tell me difference between standalone and consolidated balance sheet. its urgent reply fast
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Difference between standalone and consolidated balance shee
Replies (4)
A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. Stand-alone financial statements, by contrast, treat each entity as if it were entirely separate.
| Originally posted by : Himal | ||
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A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. Stand-alone financial statements, by contrast, treat each entity as if it were entirely separate. |  |
Well Said.
Well said by Himal. I want to add further that CFS includes also the joint venture and associate companies.
thanks to all
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