Understanding of Consolidated Financial statements

Manigandan (26 Points)

26 April 2023  


     I invest in stocks and analyze the financial statements - Balance sheet, P&L and Cash Flow. Standalone financial statements are easy to understand and analyze but not the consolidated statements. Can someone please help me with books or articles or the link of videos that explain how consolidated financial statements (Balance sheet , P&L and Cash Flow)  of a company are derived from the financial statements of its standalone and the subsidiary companies. Thanks in advance for your help.