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RESOLUTION No. 4,469, DATED FEBRUARY 25, 2016, Changes Resolutions 4,222, dated May 23, 2013, and 3,792, dated September 24, 2009, and modifies and consolidates the rules that provide for the statute
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Consolidated form rules refer to the regulations and guidelines governing the submission of consolidated financial statements by corporations, ensuring accurate representation of their financial position and results.
Corporations that control one or more subsidiaries are required to file consolidated form rules, typically those that own more than 50% of another company's stock.
To fill out consolidated form rules, organizations must aggregate the financial information of the parent and its subsidiaries into a single set of financial statements, including balance sheets and income statements, following the applicable accounting standards.
The purpose of consolidated form rules is to present a complete and accurate picture of a corporate group's financial status, allowing stakeholders to assess the overall performance and health of the business as a whole.
Information that must be reported includes total revenue, expenses, assets, liabilities, equity, and cash flows for the entire group, including intercompany transactions and balances.
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