FAR Consolidation

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August 12, 2019 at 9:04 pm #2627121

AndreA
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Are there any differences between Consolidated Statement of Comprehensive Income and Statement of Comprehensive Income? and any differences between Consolidated Statement of Changes in Equity and Statement of Changes in Equity

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August 15, 2019 at 4:17 am #2631657

CPAHOPE
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Statement of comprehensive income and equity refer to only one company and consolidation refers to more than one company's financials being consolidated into one entity

August 15, 2019 at 8:05 am #2631960

AndreA
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That’s a problem. Do we need to combine Parent and Subsidiary accounts or not? Because on the Consolidated Balance Sheet and Income Statement we would exclude Parent’s Investment in Subsidiary and Income.
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