What are Consolidation Statements?

Consolidation Financial Statements are financial statements that issue the subsidiaries of a holding company’s into its cumulative accounting figure. It primarily represents the performance of a holding company as a group. The consolidated accounts must provide a correct and just analysis of the conditions related to operations and finances of a given company.
The process usually requires a complex set of entries related to elimination and consolidation so that it can to work back from financial statements of individuals to that of a group providing a precise depiction of operations.