The purpose of consolidated financial statements is to provide accounting information about a group of companies that recognize their economic interdependence.

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The purpose of consolidated financial statements is to provide a comprehensive view of the financial performance and position of a group of companies that recognize their economic interdependence by aggregating the financial results of all the individual companies within the group. This allows investors, creditors, and other stakeholders to make informed decisions about the overall health and prospects of the group as a whole.

The Purpose of Consolidated Financial Statements Is to Provide Accounting