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Consolidating financial

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I’ll do it on a case study, with explaining what I do and why.

If you don’t like reading, you can skip to the end of this article and watch my video.

If you need help getting out of debt, you are not alone.

Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.

In the business environment, this type of arrangement does not exist, and regulatory guidelines require that affiliated companies consolidate their assets and financial statements.

Consolidation also refers to the merger and acquisition of smaller companies into larger companies.

Lawyers sometimes advise clients to sign a pre-nuptial agreement, or pre-nup, with their partners before marriage.

Although it may make sense for newlyweds to share assets once they exchange vows, a couple signing a pre-nup agrees on who gets what in case of a divorce.

Let’s be more practical today and learn some advanced accounting techniques.

After summaries of standards related to consolidation and group accounts, I’d like to show you how to prepare consolidated financial statements .