Group Accounts
/ˈɡruːp əˈkaʊnts/
Definitions
- (n.) Financial statements combining the accounts of a parent company and its subsidiaries into a single set for consolidated reporting.
The auditor reviewed the group accounts to verify the accuracy of the consolidated financial position.
Forms
- group accounts
Related terms
See also
Commentary
Group accounts are essential for providing a comprehensive financial view of corporate groups, ensuring transparency and regulatory compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.