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Reset Form *1400011C1283* FORM ET1C Alabama Department of Revenue CY Consolidated Financial FY Institution Excise Tax Return SY, 2013, ending For the year January 1 December 31, 2013, or other tax

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How to fill out consolidated financial fy

01

Gather all financial statements of subsidiary companies

02

Identify the common accounts in all financial statements

03

Eliminate intercompany transactions

04

Adjust the financial statements for differing accounting policies

05

Summarize the financial statements into one consolidated statement

06

Prepare the consolidated financial statements in accordance with applicable accounting standards

07

Review and audit the consolidated financial statements

Who needs consolidated financial fy?

01

Large corporations with subsidiary companies

02

Companies with multiple entities or divisions

03

Investors, shareholders, and stakeholders

04

Regulatory authorities

05

Analysts and financial institutions

06

Management and board of directors

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What is consolidated financial fy?

Consolidated financial fy refers to the combined financial statements of a group of companies, where the financial results of subsidiaries are added to the parent company's financial statements.

Who is required to file consolidated financial fy?

Companies that have subsidiaries or other entities under their control are required to file consolidated financial statements.

How to fill out consolidated financial fy?

Consolidated financial fy can be filled out by combining the financial data of the parent company and its subsidiaries in accordance with accounting principles.

What is the purpose of consolidated financial fy?

The purpose of consolidated financial fy is to provide a comprehensive view of the financial performance and position of a group of companies.

What information must be reported on consolidated financial fy?

Consolidated financial fy must include the financial results, assets, liabilities, and equity of the parent company and its subsidiaries.

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