Get the free Consolidated Statement of Equity

3 Months Ended Mar. 31, 2014Document and Entity Information Document And Entity Information Abstract Document Type Amendment Flag Document Period End Date Document Fiscal Year Focus Document Fiscal

How to fill out consolidated statement of equity

How to fill out consolidated statement of equity

1. To fill out a consolidated statement of equity, follow these steps:
2. Start by gathering all the relevant financial statements of the subsidiary companies that need to be included in the consolidation.
3. Identify the equity components that need to be consolidated. This may include items such as common stock, retained earnings, other comprehensive income, and non-controlling interests.
4. Calculate the carrying amounts of each equity component for each subsidiary company. The carrying amounts can be found in the equity section of the individual subsidiary company's financial statements.
5. Eliminate any intercompany transactions or balances. This ensures that the consolidated statement of equity only reflects the equity of external parties.
6. Sum up the carrying amounts of each equity component for all subsidiary companies to arrive at the consolidated totals.
7. Prepare the consolidated statement of equity by presenting the consolidated totals for each equity component in a clear and organized manner.
8. Clearly label the consolidated statement of equity as such and provide the relevant date range for the financial information being presented.
9. Review the completed consolidated statement of equity for accuracy and completeness before finalizing and publishing it.

Who needs consolidated statement of equity?

1. The consolidated statement of equity is primarily needed by stakeholders who want to assess the financial position and performance of a group of companies operating under common control.
2. These stakeholders may include:
3. - Shareholders and investors: They use the consolidated statement of equity to understand the overall equity structure and changes in equity over time.
4. - Lenders and creditors: They analyze the consolidated statement of equity to assess the group's financial health and determine the level of risk associated with providing loans or extending credit.
5. - Regulators and government authorities: They may require the submission of consolidated financial statements, including the statement of equity, for regulatory compliance and oversight purposes.
6. - Financial analysts and researchers: They use the consolidated statement of equity to conduct financial analysis, evaluate the group's performance, and make investment recommendations.
7. - Management and board of directors: They rely on the consolidated statement of equity to monitor the financial health and make strategic decisions for the group of companies.
8. Overall, the consolidated statement of equity is an important financial document that provides a comprehensive view of the equity structure and changes within a group of companies.

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What is consolidated statement of equity?

The consolidated statement of equity is a financial document that summarizes the changes in the equity section of the balance sheet for a group of companies operating under a parent company. It reflects total equity, including shares, retained earnings, and other equity components for the consolidated entities.

Who is required to file consolidated statement of equity?

Entities such as parent companies that have control over one or more subsidiaries are required to file a consolidated statement of equity. This includes public and private companies that are preparing consolidated financial statements in accordance with applicable accounting standards.

How to fill out consolidated statement of equity?

To fill out a consolidated statement of equity, collect the equity data from the parent and subsidiary financial statements, summarize the total equity components, incorporate adjustments for any non-controlling interests, and organize the reported figures in accordance with the relevant accounting framework.

What is the purpose of consolidated statement of equity?

The purpose of the consolidated statement of equity is to provide stakeholders with insights into the company’s overall equity position, changes in ownership interests, and how retained earnings and other components are affected by operations and financial activities of the consolidated entities.

What information must be reported on consolidated statement of equity?

Information that must be reported includes the total equity, common stock, additional paid-in capital, retained earnings, accumulated other comprehensive income, adjustments for non-controlling interests, and other components of equity.