Consolidation
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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.
