Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.

Learn about proportional consolidation, a former joint ventures accounting method replaced by the IFRS to streamline global ...

AMONG ENRON’S PROBLEMS WAS ITS USE of variable interest entities, which allowed it to leave significant amounts of debt off its balance sheet. In response to concern about this practice, FASB issued ...

Debt can get overwhelming fast. One credit card turns into three. Then comes a personal loan, maybe a medical bill, and suddenly it feels like your entire income is going […] ...

It’s slow and it will take time, but the managed account platform sector’s shift towards consolidation is sure to come, according to recent findings from Cerulli. According to Cerulli’s new report on ...

Bankruptcy is a legal process that aims to provide a fresh start by eliminating eligible debts. It involves a court-approved procedure that discharges debts and provides immediate relief from creditor ...

Welcome back to "Ask an Advisor," the advice column where real financial professionals answer questions from real people. The topic can be anything in the world of finance, from retirement to taxes to ...

SPONSORED CONTENT is content paid for by a partner. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. Money Research Collective’s editorial team ...

Legacy solutions often fall short, being slow, costly, and requiring extensive IT support. They can be rigid and cumbersome, making it difficult to keep pace with the changing business landscape.

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...