Understanding of Consolidated Financial statements

Hi,

     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.

Thanks

Mani

Replies (3)
Quick Summary
This discussion seeks resources like books, articles, or videos to help understand the creation of consolidated financial statements (Balance Sheet, P&L, Cash Flow) from individual company reports. One user offers a unique model, explaining the consolidation process with entries and formulas, available via a blog link, and notes it's an IFRS equivalent.

The principle applies. The only difference it's a consolidated one.

You know it's easy. I made model consisting of all entries which are there in a ca reporting book. All as per principles. Only on problem missing. Well you can download it at https://yasaswi.gomes.blogspot.com

It will not be easy to understand cause I made translations in it and tallied balance sheets. But I made entries very easy to understand during consolidation process. You will also find formulas in it. Better than a text book logic. 

It's an IFRS version equivalent to indas version. If you need indas version I'll cross check the differences for you. No one in the world has this model nor to work it out.

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