The Relevance of Consolidated Financial Statements in an Emerging Market

Kiran Choudhary

Financial reporting, Accounting information, Relevance, Consolidated Financial Reporting.

India is one of the nation whose economy is expanding globally at a quicker pace in recent era. These days, the expansion & development is so expensive, commercial organizations struggle greatly to increase the region in which they operate their business activities. India is one of the few countries where companies are required to give both consolidated financial statements as well as standalone financial statements. Consolidated financial statements (CFS) are the financial statements of parent company and one or more legally distinct subsidiaries presented as group like a single economic entity. While parent-only statements have been in existence for a long time, CFS was introduced recently. The relevance of consolidated financial statements is examined through an analysis of data of selected companies under this study. The purpose of this paper is to examine the relevance of consolidated financial statements in India. The study examines the net profit values consolidated and standalone analysed is analysed. This paper examines the relevance of consolidated versus standalone financial information of selected companies. The result of this paper reveals that consolidated financial reporting, with the standalone financial results shows the overall financial situation of selected companies which more useful to the stakeholders.

"The Relevance of Consolidated Financial Statements in an Emerging Market", IJRTI - International Journal for Research Trends and Innovation (www.IJRTI.org), ISSN:2456-3315, Vol.9, Issue 6, page no.523 - 527, June-2024, Available :https://ijrti.org/papers/IJRTI2406076.pdf

Volume 9 Issue 6, June-2024

Pages : 523 - 527

Paper Reg. ID: IJRTI_190079

Published Paper Id: IJRTI2406076

Downloads: 205,633

Research Area: Commerce

Country: JAIPUR, RAJASTHAN, India

Published Paper PDF: https://ijrti.org/papers/IJRTI2406076

Published Paper URL: https://ijrti.org/viewpaperforall?paper=IJRTI2406076

ISSN: 2456-3315 | IMPACT FACTOR: 10.57 Calculated By Google Scholar | ESTD YEAR: 2016

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Publisher: IJRTI (JW Publication)