Consolidating balance sheet example

14 Apr

Sometimes, a founding family or other investor owns a big chunk of a company's stock.

For that, you will need to investigate the legal structure of the parent business, finding out exactly how much it owns of each subsidiary.

Taken together, these statements show how well the business is doing and offer a general overview of the money that is coming in and going out of the business.

Individual financial statements are prepared if a business owner owns a single business.

These statements are prepared for an individual business and provide a snapshot of the performance of the business for a specific period – monthly, quarterly, yearly, etc.

These reports typically include a balance sheet, income statement, statement of cash flow and a shareholder equity report.