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Consolidation Worksheet
A tool used in the preparation of consolidated financial statements that combines the financial information of a parent company and its subsidiaries.
Consolidated Financial Statements
Financial statements that present the financial position and operating results of a parent company and its subsidiaries as one entity.
Ledger Accounts
The individual records that summarize all the transactions related to a particular item over a period, forming part of the company’s financial statements.
Significant Transactions
Significant transactions are those transactions that are of substantial importance to the financial or operational position of a company, often requiring special disclosure in financial reports due to their size, nature, or incidence.
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