Consolidated Financial Statements

Consolidated Financial Statements

Earlier, the Securities and Exchange Board of India (SEBI) required the listed entities to prepare Consolidated Financial Statements along with the separate financial statements of the Holding Company. Now, also the Companies Act, 2013 mandates the preparation of Consolidated Financial Statements (CFS) by all the Companies, including unlisted companies, having one or more Subsidiaries, associate companies or joint ventures. What is Consolidated Financial Statements (CFS)? Consolidation Financial Statements (CFS) is the combination of the financial […]