Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.

Companies often create subsidiaries when they acquire another company or when they build out a business line related but not essential to the business. A subsidiary is wholly or majority owned by the ...

The Fair Trade Commission decided to prepare a so-called "safe zone," which allows for the exclusion of legal application when reviewing the profit-sharing behavior of large corporate groups, ...