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\” NATIONAL FINANCIER, S.N.C. \” Institution de Banca de Desarrollo and Subsidiaries Insurgents SUR No. 1971, Mexico CityCONSOLIDATED STATEMENT OF FINANCIAL POSITION AT JUNE 30, 2022 (Millions

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What is consolidated statement of financial?

A consolidated statement of financial is a financial document that consolidates the financial position of a parent company and its subsidiaries into a single statement, providing a comprehensive view of the entire corporate group's financial status.

Who is required to file consolidated statement of financial?

Entities that have one or more subsidiaries and are required under accounting standards to prepare consolidated financial statements must file a consolidated statement of financial.

How to fill out consolidated statement of financial?

To fill out a consolidated statement of financial, aggregate the financial information from the parent company and each subsidiary, eliminating any intercompany transactions and balances to avoid double counting before presenting them in a consolidated format.

What is the purpose of consolidated statement of financial?

The purpose of a consolidated statement of financial is to provide stakeholders with a clear picture of the financial health of the entire corporate group rather than just the parent company, reflecting the assets, liabilities, and equity of all entities combined.

What information must be reported on consolidated statement of financial?

A consolidated statement of financial must report assets, liabilities, equity, and any significant accounting policies, along with non-controlling interests and notes on financial position.

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