What is a Combined Financial Statement?
Combined financial statements are documents that provide a quick and easy means of reviewing the current status of multiple types of financial assets. The document can replace the need of receiving multiple financial statements and spending time combining the detail into a common reference resource. A combined financial statement can include information about all sorts of assets and account balances, which makes the document an ideal method of determining the latest net worth associated with the individual or business entity. The combined financial statement is most often employed by business entities that operate more than one company as part of the overall operation. Rather than relying on an individual financial statement for each company, the combined statement allows owners and investors in the corporation to have a quick look at the net worth associated with both the parent and the subsidiary companies. Because the document provides a side by side accounting format for both balan
” Combined financial statements are documents that provide a quick and easy means of reviewing the current status of multiple types of financial assets. The document can replace the need of receiving multiple financial statements and spending time combining the detail into a common reference resource. A combined financial statement can include information about all sorts of assets and account balances, which makes the document an ideal method of determining the latest net worth associated with the individual or business entity. . The combined financial statement is most often employed by business entities that operate more than one company as part of the overall operation.
