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Document:EX 2019/126/R.21/Sup.1Agenda:6(d)(i)Date:29 April 2019Distribution:PublicOriginal:EnglishEPeople\'s Republic of Bangladesh Char Development and Settlement Project Phase IV Negotiated financing
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Gather all financial data from subsidiaries
02
Eliminate intercompany transactions
03
Adjust for any differences in accounting methods
04
Combine all financial statements into one consolidated financial statement
05
Get approval from the board of directors

Who needs for approval consolidated financial?

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Companies with multiple subsidiaries
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Consolidated financial statements are the combined financial statements of a parent company and its subsidiaries.
Publicly traded companies and certain private companies are required to file for approval consolidated financial.
Consolidated financial statements can be prepared by consolidating the individual financial statements of the parent company and its subsidiaries.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial position and performance of a group of companies.
Consolidated financial statements typically include balance sheet, income statement, cash flow statement, and notes to the financial statements.
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