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Financial Statements TRANSELEC S.A. Santiago, Chile As of December 31, 2016 and 2015Financial Statements TRANSELEC S.A. Santiago, ChileDecember 31, 2016 and 2015(Translation of the Financial Statements
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How to fill out consolidated financial statements
How to fill out consolidated financial statements
01
Gather the financial statements of all the subsidiary companies and the parent company.
02
Eliminate any intercompany transactions to avoid double counting.
03
Combine the financial information from each entity into one set of consolidated financial statements.
04
Adjust for any differences in accounting policies or reporting periods among the entities.
05
Prepare the consolidated income statement, balance sheet, cash flow statement, and statement of changes in equity.
Who needs consolidated financial statements?
01
Large corporations with subsidiary companies
02
Investors who want a comprehensive view of the group's financial performance
03
Regulatory bodies requiring consolidated financial statements for compliance purposes
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What is consolidated financial statements?
Consolidated financial statements provide a comprehensive overview of the financial position and performance of a group of companies as a single entity.
Who is required to file consolidated financial statements?
Companies that have subsidiary companies or significant investments in other entities are typically required to file consolidated financial statements.
How to fill out consolidated financial statements?
Consolidated financial statements are typically prepared by combining the financial information of a parent company and its subsidiary companies.
What is the purpose of consolidated financial statements?
The purpose of consolidated financial statements is to provide a true and fair view of the financial position and performance of a group of companies as if they were a single entity.
What information must be reported on consolidated financial statements?
Consolidated financial statements must include the financial results, assets, liabilities, equity, and cash flows of the parent company and its subsidiary companies.
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