Consolidated Accounts

If you would like to discuss any of the above please contact KR Accountants so we can arrange a No obligation FREE initial meeting to carry out a business review were we will offer you a FIXED FEE accountancy service with no hourly charges or hidden costs.

 

 

group of companies that qualifies as a medium group of companies or a large group of companies as defined by the Companies Act is required to prepare consolidated group accounts. These consolidated accounts are almost always what matter to investors in a group of companies. These consolidated accounts are often called group accounts.

 

The consolidated Profit and Loss account of your group accounts includes the profit and loss account of all subsidiaries and the company’s share of profits made by associated companies and joint ventures.

 

If any subsidiaries are not a hundred percent owned then a deduction will be made further down the Profit and Loss Account for the profits attributable to minority interests.

 

The consolidated balance sheet similarly shows the amounts of assets and liabilities of the company and all its subsidiaries.

 

It also shows the value of holdings in associated companies and joint ventures.

 

How we can help

 

If you would like to discuss any of the above please contact KR Accountants so we can arrange a No obligation FREE initial meeting to carry out a business review were we will offer you a FIXED FEE accountancy service with no hourly charges or hidden costs.

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