Consolidated financial statement

A consolidated financial statement (CFS) is the "financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity" (IFRS 10 Appendix A), according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements" (IAS 27.4), and International Financial Reporting Standard 10, "Consolidated financial statements" (IFRS 10.2). == Consolidated statement of financial position == According to IAS 1.10, a complete set of consolidated financial statements comprises a consolidated statement of financial position as at the end of the period (IAS 1.10(a)), a consolidated statement of profit or loss and other comprehensive income (IAS 1.10(b)), a consolidated statement of changes in equity (IAS 1.10(c)), a consolidated statement of cash flows (IAS 1.10(d)), notes, comprising significant accounting policies and other explanatory information (IAS 1.10(e)), and a operating segments report Consolidated accounts are prepared after the accounts for the constituent companies have been prepared.

Source: Wikipedia — Consolidated financial statement (CC BY-SA 4.0)