Consolidated and Non-Consolidated Financial Statement

They commonly contain water under unconfined conditions, and most groundwater flow in them travels short to intermediate distances from recharge to discharge areas. The High Plains aquifer is the most intensively pumped aquifer consolidated vs unconsolidated in North America. If the parent company has been using a common paymaster system to pay all employees throughout the company, ensure that the proper allocation of payroll expenses has been made to all subsidiaries.

• Some types of soil, mainly those rich in organic matter, show significant creep, whereby the soil changes volume slowly at constant effective stress over a longer time-scale than consolidation due to the diffusion of water.
• Note any information related to the non-controlling interest in the disclosures to the consolidated financial statements.
• Consolidated financial statements report the aggregate reporting results of separate legal entities.
• Consolidation is also defined as a set of financial statements that presents a parent and a subsidiary company as one company.
• Some basin-fill aquifers, such as those in the Central Valley aquifer system of California and in parts of Arizona, have supplied large amounts of water for irrigation and other uses.

For instance, it may wrap a high-interest credit card payment into a more reasonable home equity line of credit. For example, in 2015, Target Corp. moved to sell the pharmacy portion of its business to CVS Health, a major drugstore chain. As part of the agreement, CVS Health intended to rebrand the pharmacies operating within Target stores, changing the name to the MinuteClinic. The consolidation was friendly in nature and lessened overall competition in the pharmacy marketplace. These materials were downloaded from PwC’s Viewpoint (viewpoint.pwc.com) under license. It has subsidiaries around the world that help it to support its global presence in many ways.

Standalone Meaning: A Closer Look at Individual Company Reports

Each of its subsidiaries contributes to its food retail goals with subsidiaries in the areas of bottling, beverages, brands, and more.

Please note that some of the Consolidated Statute titles are listed as “Reserved” as the legislature has not yet consolidated that title. The Pennsylvania Constitution and court rules are also included in this multi-volume set. Purdon’s is annotated, meaning it includes additional references as well as lists relevant case citations. The unconsolidated statutes are also printed as pamphlet laws (P.L.) in the Laws of the General Assembly. Number of an act refers to the page number the act begins on in the Laws of the General Assembly.

Implementation, success factors and measures of Consolidated Accounting *

Select years of this publication are available online from the Pennsylvania Legislative Reference Bureau. Jenkins also has access to this title in print as well as on the member database HeinOnline. The official Consolidated Statutes are available online from the Pennsylvania General Assembly. Users can search by keyword, search by title and section number, and browse by title. A print copy of the consolidated statutes is prepared by the Legislative Reference Bureau and is available at Jenkins. These statutes are unannotated, meaning they do not provide additional references or a list of relevant case citations.

Parent companies that hold more than 20% qualify to use consolidated accounting. If a parent company holds less than a 20% stake, it must use equity method accounting. This section will focus on the key differences between consolidated and standalone cash flow statements, and how analyzing both can provide greater insight into a company’s financial health. Consolidated financial statements provide a more complete picture of a company’s financial position by including all subsidiaries under its control. A consolidated financial statement combines the financial information from a parent company and its subsidiaries into one report.