Get the free Consolidated Results of Operations (US GAAP), Fourth quarter and year ended March 2020
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FORM 6K U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Report of Foreign Private Issuer Pursuant to Rule 13a16 or 15d16 of the Securities Exchange Act of 1934 Commission File Number:
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How to fill out consolidated results of operations
How to fill out consolidated results of operations
01
Gather financial information from all subsidiaries or business units.
02
Eliminate intercompany transactions to avoid double counting.
03
Sum up the revenues and expenses of all subsidiaries to get the consolidated figures.
04
Calculate any non-controlling interest in the net income.
05
Prepare the consolidated financial statements including the consolidated income statement, balance sheet, and cash flow statement.
Who needs consolidated results of operations?
01
Shareholders and investors who are interested in the overall financial performance of a group of companies.
02
Regulators and government agencies who require consolidated financial statements for regulatory purposes.
03
Management of the parent company who need to make strategic decisions based on the overall financial position of the group.
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What is consolidated results of operations?
Consolidated results of operations is a financial statement that combines the financial results of a parent company and its subsidiaries into one comprehensive report.
Who is required to file consolidated results of operations?
Companies that have subsidiaries are typically required to file consolidated results of operations to provide a complete picture of the financial performance of the entire corporate group.
How to fill out consolidated results of operations?
To fill out consolidated results of operations, companies must gather financial information from all subsidiaries, eliminate intercompany transactions, and combine the financial data into a single report.
What is the purpose of consolidated results of operations?
The purpose of consolidated results of operations is to provide stakeholders with a comprehensive view of the financial performance of a company and its subsidiaries as a single economic entity.
What information must be reported on consolidated results of operations?
Consolidated results of operations typically include income statements, balance sheets, cash flow statements, and notes to the financial statements for the parent company and its subsidiaries.
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