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Consolidated Version of the Procedure Bylaw (being Bylaw No. 24/2022 of the City of St. Albert, as amended by Bylaw No. 11/2023 consolidated and printed under the authority of the Chief Administrative
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The consolidated version of a document typically refers to a comprehensive compilation that combines multiple revisions or changes into a single, cohesive document.
Organizations or entities that need to present an overview of their financials or operational reports, often including subsidiaries, are usually required to file a consolidated version.
To fill out the consolidated version, gather all relevant financial statements and reports from subsidiaries, eliminate intercompany transactions, and ensure compliance with applicable accounting standards before summarizing them into one report.
The purpose of the consolidated version is to provide a clear, comprehensive view of the overall financial performance and position of a group of companies as though they were a single entity.
The consolidated version must report combined financial statements, including revenue, expenses, assets, liabilities, and equity, as well as notes that provide additional context about the aggregated data.
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