Get the free Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly

How to fill out consolidated balance sheets as

How to Fill Out Consolidated Balance Sheets:

1. Collect all relevant financial statements: Start by gathering the balance sheets from all the subsidiaries and the parent company. These statements should include the assets, liabilities, and equity of each entity.
2. Eliminate intra-group transactions: Review the financial statements to identify any transactions between the subsidiaries or between the subsidiaries and the parent company. Exclude these transactions to avoid duplication and ensure accuracy in the consolidation.
3. Adjust for any differences in accounting policies: Different entities may follow different accounting policies. Identify any variations and make adjustments to ensure consistency across the consolidated balance sheets.
4. Calculate non-controlling interests: If the parent company owns less than 100% of a subsidiary, calculate the non-controlling interests. This represents the portion of the subsidiary's equity that does not belong to the parent.
5. Combine the financial statements: Add together the assets, liabilities, equity, revenues, and expenses of the parent company and all subsidiaries. Include the non-controlling interests in the equity section.

Who Needs Consolidated Balance Sheets:

1. Companies with subsidiaries: Consolidated balance sheets are essential for companies with subsidiaries. These statements provide a comprehensive view of the financial position of the entire group, rather than the individual entities.
2. Investors and stakeholders: Investors and stakeholders, such as shareholders, lenders, and potential buyers, rely on consolidated balance sheets to assess the overall financial health and performance of a group. These statements provide a clearer picture of the group's assets, liabilities, and equity.
3. Regulators and government agencies: Consolidated balance sheets are often required by regulators and government agencies for regulatory compliance and reporting purposes. These entities use the consolidated financial statements to monitor the financial stability and compliance of large groups of companies.

In conclusion, filling out consolidated balance sheets involves collecting financial statements, eliminating intra-group transactions, adjusting for accounting policy differences, calculating non-controlling interests, and combining the statements. These statements are necessary for companies with subsidiaries, investors, stakeholders, regulators, and government agencies.

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What is consolidated balance sheets as?

Consolidated balance sheets are financial statements that provide an overview of a company's financial position by combining the assets, liabilities, and equity of a parent company and its subsidiaries.

Who is required to file consolidated balance sheets as?

Companies that have subsidiaries or significant investments in other companies are usually required to file consolidated balance sheets.

How to fill out consolidated balance sheets as?

Consolidated balance sheets are typically prepared by combining the individual financial statements of the parent company and its subsidiaries.

What is the purpose of consolidated balance sheets as?

The purpose of consolidated balance sheets is to provide a comprehensive view of the financial health and performance of a group of companies as a single economic entity.

What information must be reported on consolidated balance sheets as?

Consolidated balance sheets typically include assets, liabilities, equity, revenues, expenses, and other financial data for the parent company and its subsidiaries.