Konsernitaseen

Konsernitaseen is a term that refers to the consolidated accounts of a group of companies, known as a concern or corporate group. These accounts are prepared by a parent company and include the financial results and position of all its subsidiaries. The purpose of consolidated financial statements is to present the financial performance and position of the entire group as if it were a single economic entity. This provides a more comprehensive and accurate picture of the group's overall financial health and operations than looking at individual company accounts.

The preparation of konsernitaseen involves a process of elimination and aggregation. Intercompany transactions, such as loans between parent and subsidiary or sales of goods between group companies, are eliminated to avoid double-counting. Unrealized profits on these intercompany transactions are also removed. The assets, liabilities, equity, income, and expenses of the parent and its subsidiaries are then combined line by line. Minority interests, representing the portion of equity in a subsidiary not owned by the parent, are also accounted for separately.

Konsernitaseen are crucial for investors, creditors, and other stakeholders who need to assess the financial standing of the entire corporate group. They comply with accounting standards such as International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP). The complexity of preparing these statements can increase with the size and number of subsidiaries, as well as the geographical diversity of the group's operations.