Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

If you own a controlling stake in another business, accounting rules demand that you combine the financial statements of the parent and subsidiaries into one set of financial statements for the entire ...

Presentation of consolidated financial statements is a compulsory requirement for a parent company that commands majority stakes in one or more subsidiaries. Consolidated financial statements make the ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...