Consolidation, in accounting, refers to the process of combining the financial statements of a parent company with its subsidiaries to present a single set of financial statements. This consolidated definition in accounting ensures a comprehensive view of the financial position and performance of the entire corporate group, eliminating intercompany transactions and balances. Consolidation is crucial for stakeholders to assess the overall health of the business entity.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
