Consolidated Financial statements post-11
Consolidated Financial statement takes parent company Finally, standalone statement takes child company, consolidated statement takes parent company.
Standalone vs consolidated Financial statements
Standalone Financial Statements post-10
A Standalone Financial Statement includes profit and loss assets and liabilities of only the core company. A Standalone Financial Statement take only child company.
Standalone vs consolidated Financial statements post-9
Many companies report two sets of financial statements in their Annual Reports- standalone and consolidated statements. i suggest study consolidated Financial statements Discontinued Activities you must track the company in years