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ADEPT CORPORATION Address: No. 6 Le Thanh Ton Street, Ben NGE Ward, District 1, Ho Chi Minh City, Vietnam CONSOLIDATED FINANCIAL STATEMENT For quarter III 2013 CONSOLIDATED BALANCE SHEET As of 30

How to fill out consolidated balance sheet

1. Start by gathering financial statements: To fill out a consolidated balance sheet, you need to collect the financial statements of all the subsidiary companies in your group. These include their individual balance sheets, income statements, and cash flow statements.
2. Eliminate intercompany transactions: Consolidation involves removing any transactions between the subsidiary companies within the group. This step is crucial to avoid double counting and ensure that only the transactions with external entities reflect in the consolidated balance sheet.
3. Adjust for fair value: If any assets or liabilities are recorded at historical cost in the subsidiary company's statements, you may need to adjust them to their fair value. This adjustment allows for a more accurate representation of the group's financial position.
4. Combine the numbers: Once you have eliminated intercompany transactions and made necessary fair value adjustments, you can combine the financial figures from each subsidiary's statements. Add up their assets, liabilities, and equity to create a consolidated set of financials.
5. Prepare consolidated statements: Use the combined figures to prepare the consolidated balance sheet. This includes listing the total assets, total liabilities, and total equity of the entire group. Additionally, it should include any minority interests in the subsidiaries' equity if applicable.

Who needs a consolidated balance sheet?

1. Companies with subsidiary companies: Any group of companies that owns multiple subsidiary companies should prepare a consolidated balance sheet. This is essential to provide a comprehensive view of the entire group's financial position and facilitate effective decision-making.
2. Investors and stakeholders: Investors, shareholders, and other stakeholders have an interest in understanding the overall financial health of a group of companies. By presenting a consolidated balance sheet, they can assess the group's combined assets, liabilities, and equity, which helps them evaluate investment opportunities and make informed decisions.
3. Regulatory authorities and lenders: In many jurisdictions, regulatory authorities may require companies to prepare consolidated financial statements, including a consolidated balance sheet. This is to ensure transparency and compliance with accounting standards. Lenders also often request consolidated financial statements when assessing the creditworthiness of a group of companies.

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What is consolidated balance sheet?

Consolidated balance sheet is a financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one comprehensive document.

Who is required to file consolidated balance sheet?

Companies with subsidiaries are required to file consolidated balance sheets to provide a complete and accurate picture of the financial position of the entire group.

How to fill out consolidated balance sheet?

To fill out a consolidated balance sheet, the parent company must gather financial information from all subsidiaries and eliminate any intercompany transactions to avoid double-counting.

What is the purpose of consolidated balance sheet?

The purpose of a consolidated balance sheet is to present the financial position of a group of companies as if they were a single entity, providing a true and fair view of the group's financial health.

What information must be reported on consolidated balance sheet?

On a consolidated balance sheet, companies must report the assets, liabilities, and equity of the parent company and all of its subsidiaries, as well as any eliminations of intercompany transactions.