According to Accounting Today, choosing a consolidated versus combined financial statement for companies with multiple businesses can be a complex and confusing process.
- According to the article, what tool(s) make(s) it easier to spot trends and highlight relevant data points?
- According to the article, what makes preparing complex financial statements easier and less time consuming?
- What is the difference between a consolidated financial statement and a combined financial statement?
Hatch, J. (2022) Is a consolidated or combined financial statement best for a business? Accounting Today, March 3 (Retrievable online at https://www.accountingtoday.com/opinion/is-a-consolidated-or-combined-financial-statement-best-for-a-business?)