In general, an economic unit (which is also called group) is made from at least two legally independent institutions: one (original) control unit and (at least) a controlled unit (subsidiary specialized purpose unit in the private sector). This article is related to consolidate financial statements (CFS), i.e. financial details presented about the activities of the group of organizations such as it was a single unit. Consolidated financial details are preparing for accounts by an original company where the record of his subsidiary companies has also been mentioned. The main financial statements are balance sheet, benefits and loss details and cash flow details. When a parent company combines the data of its subsidiary and prepare the clubs, the financial details show up as a whole. Group structure public companies required to disclose their financial interprets at regular intervals. Detailed should generally be based on accepted accounting principles. If a company has more than one business, then they prefer to separate the business line with different management. Consolidated financial details are a practice adopted by the parent company, where the financial statements of subsidiary companies are added to parents and show results. CFS does not summon the SES of different institutions related to the economic unit, but uses connectivity units and its controlled institutions using the consolidation techniques. Consolidated financial details helps in painting a company’s financial situation. To now the company’s actual financial situation for the stakeholders of the company is actually important consolidated financial statements help stakeholders help the company’s exact property and abilities. In the standalone financial statement only the investment amount is shown in the assistant, reflects the aggregate assets of the consolidated company, which includes the original and assistant property. Therefore the aim is to present a great picture for the decision making process.

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Keywords: Financial Statements, Parent, Financial Position, Consolidation, Control, Mandatory.