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Identification
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Consolidated Financial Statements
Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document, as if the group was a single entity.
Acquisition Method
An accounting procedure used in consolidating the financial statements of a parent company and its subsidiaries, focusing on the fair value of acquired assets and liabilities.
Purchase Method
An accounting method used in business combinations where the acquirer's assets, liabilities, and contingent liabilities are recorded at their fair values at the acquisition date.
Subsidiary's Assets
Assets owned by a company that is completely or majority-owned by another company, known as the parent company.