Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.

It's often good for business when industry players strike a deal to collaborate on a single project, exchange technical expertise or advance their mutual commercial interests. But regulatory agencies ...

GASB issued a concepts statement to guide the board when establishing note disclosure requirements for state and local governments — part of its response to research reexamining existing note ...

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments. GASB ...

The Federal Accounting Standards Advisory Board (FASAB) is seeking feedback on an exposure draft aimed at further standardizing and adding value to note disclosures in financial statements.

Consolidating financial statements for multinational companies can be a very complex process, especially while dealing with cross-border counterparts. To get the flow in place, let us assume, for ...

Successful businesses commonly encounter opportunities to grow through acquisitions -- by buying up competitors or other businesses. When your business acquires a controlling stake in another, ...

All publicly traded companies are required to release financial statements quarterly so investors can get a sense of how the business is doing. There are three main financial statements investors ...