Consolidated Statements, Consolidation, Consolidator, Consortium :




Consolidated Statements : Financial records of all the branches of an organisations including the balance sheets, income statements, etc. with quarterly, haif-yearly or yearly summations as the need may be



Consolidation : when two or more companies along with their subsidiaries merge to become one single company : when all the transactions between the parent company and its subsidiaries are not taken into consideration and when all these transactions are reported as the transaction of one company only



Consolidator : a firm which tries to acquire several small orders so that they can be combined to form at least one carload that a railway company would accept easily



Consortium : Usually, a coming together of two or more firms in order to share their individual resources to accomplish a particular target




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