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Burton Neuroscience Corporation
Consolidated Financial Statements March 31, 2024 and 2023
(in Canadian dollars)KPMG LLP
PO Box 10426 777 Langmuir Street
Vancouver BC V7Y 1K3
Canada
Telephone (604)
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How to fill out consolidated financial statements
How to fill out consolidated financial statements
01
Gather financial statements of all subsidiaries
02
Eliminate intercompany transactions to avoid double counting
03
Add together the financial information of all subsidiaries
04
Include any adjustments for discrepancies or accounting errors
05
Present the consolidated financial statements in accordance with accounting standards
Who needs consolidated financial statements?
01
Shareholders and investors who want a complete picture of a company's financial health
02
Regulatory bodies that require consolidated financial statements for compliance purposes
03
Creditors who need to assess the financial strength of a company before lending money
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What is consolidated financial statements?
Consolidated financial statements are financial reports that combine the financial activities of a parent company and its subsidiaries into one comprehensive document.
Who is required to file consolidated financial statements?
Entities that have subsidiaries or other controlled entities are generally required to file consolidated financial statements.
How to fill out consolidated financial statements?
Consolidated financial statements are typically prepared by combining the individual financial statements of the parent company and its subsidiaries, eliminating intercompany transactions, and adjusting for any additional consolidation entries.
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 entities under common control.
What information must be reported on consolidated financial statements?
Consolidated financial statements typically include balance sheets, income statements, cash flow statements, and notes to the financial statements.
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