Consolidation

Consolidation is process of combining, bringing together. Combining separate companies, functional areas, or product lines; in finance, combining the assets, equity, liabilities, and operating accounts of a company with those of its subsidiaries.

Definition

According to the HRBoK Guide,

Consolidation. Process of combining, bringing together. Combining separate companies, functional areas, or product lines; in finance, combining the assets, equity, liabilities, and operating accounts of a company with those of its subsidiaries.