Examlex
One of the primary goals of a database is to eliminate information redundancy by recording each piece of data in only one place in the database. What does the elimination of information redundancy do for a database?
Translation Adjustment
An adjustment made in the process of converting the financial statements of a company into the currency of another country, reflecting changes in exchange rates.
Parent Company
A company that holds a controlling interest in another company, making the latter its subsidiary.
Financial Statements
Papers that offer a summary of a corporation's financial status, featuring the balance sheet, income statement, and cash flow statement.
Consolidating
The process of combining financial statements from different entities within a single corporate group to provide a single set of financial statements.
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