Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. A combined statement includes information on a customer's various retail banking accounts onto a single periodic ...

Financial statements present businesses with a broad view of their operational and financial health. Consolidated financial statements provide the same for combined companies as though they were all ...

A company may invest in another private or publicly traded company. The accounting for this investment depends on the level of control of the parent company in the subsidiary. The consolidated method ...

Financial statements are vital for businesses, from international corporations down to limited liability companies. These statements give investors an in-depth, accurate picture of a business’s ...

The government’s annual consolidated financial statement prepared by the Treasury Department lacks adequate internal controls and documentation on the conclusions of managers about the nation’s fiscal ...