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OPTIONS, INC. AND AFFILIATES (A NONPROFIT ORGANIZATION) COMBINED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2019, AND 2018OPTIONS, INC. AND AFFILIATES TABLE OF CONTENTS JUNE 30, 2019, AND 2018Page#INDEPENDENT

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How to fill out consolidated financial statements

01

Gather financial statements of the parent company and its subsidiaries.

02

Eliminate intercompany transactions to avoid double counting.

03

Adjust for any differences in accounting methods used by the parent and subsidiaries.

04

Combine the financial statements of the parent and subsidiaries into one consolidated statement.

05

Disclose any non-controlling interests in the statement.

Who needs consolidated financial statements?

01

Companies with subsidiary entities

02

Investors looking for a comprehensive view of a company's financial health

03

Regulatory bodies requiring consolidated financial statements for compliance

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What is consolidated financial statements?

Consolidated financial statements combine the financial results of a parent company and its subsidiaries into one single set of financial statements.

Who is required to file consolidated financial statements?

Companies that have subsidiaries are required to file consolidated financial statements.

How to fill out consolidated financial statements?

Consolidated financial statements are typically prepared by adding the financial information of the parent company and its subsidiaries together.

What is the purpose of consolidated financial statements?

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

What information must be reported on consolidated financial statements?

Consolidated financial statements must include the financial information of the parent company and its subsidiaries, such as assets, liabilities, revenues, and expenses.

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