BizTerm Definition
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In finance this normally means: According to the Dutch "Act on Annual Accounts of Enterprises" incorporated in the Dutch Civil a consolidated financial account is described as: The consolidated financial account is a statement in which the assets, liabilities, profits and losses of the corporate bodies and partnerships forming a group or a part of a group, are integrally included in all separate headings of the financial accounts. It is in fact an aggregation of the individual financial statements of the separate entities of a group with appropriate consolidation adjustments, for example the elimination of balances and results on transactions between the entities of the group.

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